A ____ is a written order from the exporter instructing the importer to pay the face amount either upon presentation or at a specified future date.

Question

​A ____ is a written order from the exporter instructing the importer to pay the face amount either upon presentation or at a specified future date.

Quizplus · Accepted Answer

This type of document is called a draft, which functions similarly to a check in the sense that it authorizes the payment of a specific amount of money. The exporter will typically send the draft to their bank, which will then send it to the importer's bank for payment.

​A ____ Is a Written Order from the Exporter Instructing

A ____ Is a Written Order from the Exporter Instructing