In international commerce, an order written by an exporter instructing an importer to pay a specified amount of money at a specified time is known as a:
A)bill of lading.
B)draft.
C)letter of credit.
D)counterpurchase.
E)buyback.

Question

Quizplus · Accepted Answer

In international commerce, a draft 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.

In International Commerce, an Order Written by an Exporter Instructing