A ______________ is simply an order written by an exporter instructing an importer to pay a specified amount of money at a specified time.
A) bill of lading
B) draft
C) letter of credit
D) barter
E) bank order
Correct Answer:
Verified
Q49: A _'s principle is to trade goods
Q50: Time drafts:
A) have no value given the
Q51: When a specialized third-party trading house is
Q52: Which of these is payable on presentation
Q53: Issued by a bank at the request
Q55: As a receipt,the _ indicates that the
Q56: Which of these allows for a delay
Q57: In an international transaction between an Asian
Q58: Which of the following correctly states the
Q59: When a time draft is drawn on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents