The person or business initiating the draft is known as the ____________.
A) drawee
B) importer
C) importer's agent
D) maker
E) banker

Question

Quizplus · Accepted Answer

The maker is the person or business who initiates the draft by creating and signing the order to make payment. The drawee is the party who is ordered to make payment, the importer and importer's agent are parties involved in an import transaction, and the banker is the financial institution managing the transaction.

The Person or Business Initiating the Draft Is Known as the ____________