The person or business initiating a draft is known as the
A) beneficiary.
B) drawee.
C) maker.
D) trustee.
Correct Answer:
Verified
Q44: A _ is simply an order written
Q45: A draft used in international transactions
A) is
Q46: A _ is payable on presentation to
Q47: Japan's great trading houses are called
A) Nikei.
B)
Q48: A banker's acceptance
A) is payable to the
Q50: As a receipt, the bill of lading
Q51: A _ states that the bank will
Q52: A _ is issued to the exporter
Q53: In a typical international trade transaction, the
A)
Q54: Bank charges on letters of credit will
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