The ______________ is a payment mechanism that allows exporters to retain ownership of the goods until they receive payment or are reasonably certain that they will receive
A) letter of credit
B) cash in advance
C) documentary collection
D) open account terms

Question

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Documentary collection is a payment mechanism in international trade where the exporter retains control over the goods until payment is received or the importer commits to pay, typically by the importer's bank acting as an intermediary. This method balances the need for security in payment with the flexibility of transaction for both parties.

The ______________ Is a Payment Mechanism That Allows Exporters to Retain