A ________ is simply an order written by an exporter instructing an importer, or an importer's agent, to pay a specified amount of money at a specified time.
A) letter of credit
B) bill of lading
C) draft
D) banker's letter
Correct Answer:
Verified
Q39: What is a reason that firms take
Q40: Which of the following statements is true
Q41: Which of the following is a disadvantage
Q42: In a letter of credit transaction, the
Q43: Which of the following is a major
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
Q49: The person or business initiating a draft
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