A typical foreign trade transaction requires three basic documents:

Question

Quizplus · Accepted Answer

The three basic documents required for a typical foreign trade transaction are letter of credit (used to secure payment), time draft (a type of payment method in which payment is to be made at a later date), and bill of lading (proof of shipment and delivery of goods). Therefore, choice A - letter of credit, time draft, and bill of lading - is the correct answer.

A Typical Foreign Trade Transaction Requires Three Basic Documents