A _______ draft is paid on demand; whereas a bank would pay a _______ draft at maturity as stated in the _______.
A) time; sight; bill of lading
B) sight; time; bill of lading
C) time; sight; letter of credit
D) sight; time; letter of credit
Correct Answer:
Verified
Q65: Which of the following instruments are not
Q66: Which of the following is not the
Q67: An American firm sells farm equipment to
Q68: If interest rate parity holds and the
Q69: Which of the following conditions may lead
Q71: An American firm sells farm equipment to
Q72: Increased U.S. inflation, relative to other trading
Q73: Eurocurrency markets are a source of attractively
Q74: With reference to the concepts and terms
Q75: A payment guarantee issued by a commercial
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents