A(n) ___________ is an unconditional promise drawn by one party,instructing the buyer to pay the face amount upon presentation.
A) draft
B) bill of lading
C) trade acceptance
D) letter of credit
Correct Answer:
Verified
Q22: The exchange of goods between two parties
Q23: All types of foreign trade transactions in
Q24: The Working Capital Guarantee Program is administered
Q27: A _ letter of credit is not
Q31: A banker's acceptance is a draft drawn
Q34: A draft drawn on and accepted by
Q36: The _ is a private corporation owned
Q39: _ is not a type of program
Q40: Under a letter of credit arrangement, the
Q66: Which of the following is not a
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