A draft used in international transactions
A) is a document requesting payment.
B) explains the conditions of a contract.
C) is the same as a letter of credit.
D) gives a bank guarantee to an exporter.

Name: A draft used in international transactions A) is a document requesting payment. B) explains the conditions of a contract. C) is the same as a letter of credit. D) gives a bank guarantee to an exporter.
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A draft is the instrument normally used in international commerce to effect payment.

A Draft Used in International Transactions