Drafts used in international trade include each of a) through d) EXCEPT
A) sight drafts
B) time drafts
C) trade drafts
D) banker's acceptances
E) All of the above are types of drafts.

Question

Quizplus · Accepted Answer

All the options listed (sight drafts, time drafts, trade drafts, and banker's acceptances) are indeed types of drafts used in international trade. Sight drafts require payment upon presentation, time drafts allow for payment at a future date, trade drafts are used between buyers and sellers in trade transactions, and banker's acceptances are time drafts that a bank has agreed to pay at maturity.

Drafts Used in International Trade Include Each of A) Through