______ is the instrument most frequently used as an international payment mechanism.
A) Cash in advance
B) Shipper's export declaration
C) The bill of lading
D) The draft
E) The packing list

Question

Quizplus · Accepted Answer

The draft, also known as a bill of exchange, is the most frequently used instrument for international payment. It is a written order from one party to another, instructing payment to be made to a third party. The draft is secure and widely recognized, making it the preferred method of payment for most international transactions.

______ Is the Instrument Most Frequently Used as an International