When a Time Draft Is Presented to a Drawee,he or She

Question 69
Multiple Choice

When a time draft is presented to a drawee,he or she signifies acceptance of it by A)delivering the goods immediately. B)paying the draft amount immediately. C)providing a collateral for the amount specified in the bill. D)writing or stamping a notice of acceptance on its face. E)selling the draft to an investor at a discount from its face value.