A bill of exchange is a draft that guarantees payment for goods in international trade.

Name: A bill of exchange is a draft that guarantees payment for goods in international trade.
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A bill of exchange is a type of financial instrument used in international trade that ensures payment for goods or services. It is similar to a check, with the difference that it is issued and guaranteed by a bank, and can be transferred to a third party.

A Bill of Exchange Is a Draft That Guarantees Payment