International Business Competing in the Global Market Place Study Set 4
Quiz 16: Exporting, Importing, and Countertrade
When a Time Draft Is Drawn on and Accepted by a Business
When a time draft is drawn on and accepted by a business firm,it is called a trade acceptance.
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Time drafts cannot be sold to investors at a discount from its face value.
The bill of lading is a product guarantee issued by the exporter to the importer.
A bill of lading serves as a receipt,a contract,and a document of title.
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