In export import trade people are dealing in documents and not in goods. is it true? explain.
Answers
Answer:
yeah ! the statement is true that today In export import trade people are dealing with documents and not with goods .....as the documents are safest mode for dealing even domestically.......people dealing in goods firstly need legal documents that are evidences of deal.....and after purchasing , buying , selling etc. people do transactions also through documents like documentary credit , letter of credit , documents against payment , documents against acceptance , open accounts and many more these are the documents which are legally acceptable and safest reliable modes through which we deal through documents , approved by banks like issuing bank , receiving bank negotiating bank gives there approval in these types of documents to be legally acceptable in any country.
Explanation:
in this way we can say that today export import trade is being done through documents and not in goods.