A draft is the instrument normally used in international commerce to effect payment.

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This statement is true. A draft, also known as a bill of exchange, is commonly used in international commerce as a payment instrument. It is a written order from one party (the drawer) to another party (the drawee) directing the drawee to pay a specific amount of money to a third party (the payee) at a specified future date or upon demand. The use of drafts facilitates international transactions by reducing the risk of non-payment and providing a mechanism for ensuring that all parties receive the appropriate documentation and information about the transaction.

A Draft Is the Instrument Normally Used in International Commerce