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 bank guarantee to an exporter
Correct Answer:
Verified
Q21: Which of the following is a nationwide
Q27: The term switch trading refers to the
Q37: Barter is primarily used for one-time-only deals
Q38: Counterpurchase occurs when a firm agrees to
Q40: Foreign borrowers can avail loans from Ex-Im
Q41: Which of the following is a document
Q41: Which of the following is a common
Q42: In a letter of credit transaction, the
Q44: Which of the following is NOT a
Q51: A _ states that the bank will
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