A date draft transaction solves one of the problems of documentary collection in general: the date at which the importer will endorse the draft.
Correct Answer:
Verified
Q12: Usually a bank guarantee is offered by
Q13: Documentary collections are more cumbersome and expensive
Q14: An irrevocable letter of credit cannot be
Q15: A date draft goes into effect at
Q16: In a letter of credit,the creditworthiness of
Q18: Since a draft (or a bill of
Q19: The responsibilities of the presenting bank in
Q20: Because some of their cash must be
Q21: Among country risks in international trade are
Q22: The importer's bank is called the
A) applicant.
B)
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