________ is a common form of payment when two parties are unfamiliar with each other, or when the transaction is relatively small.
A) Advance payment
B) Documentary collection
C) Letter of credit
D) Open account

Question

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Advance payment is often used when two parties are unfamiliar with each other or when the transaction is relatively small, as it ensures the seller receives payment before delivering goods or services.

________ Is a Common Form of Payment When Two Parties