The draft that requires immediate payment by the drawee to the payee, which is true of a check, is called:
A) a trade acceptance draft
B) a bankers' acceptance
C) a time draft
D) an account receivable
E) none of the other choices
Correct Answer:
Verified
Q294: When a payee wants to get cash
Q295: A creditor is one who lends money
Q296: _ are drafts that mature on the
Q297: A creditor is one who lends money
Q298: _ specify payment to be made in
Q300: An "acknowledgment by a bank" that it
Q301: Character refers to:
A) a company's ability to
Q302: Collateral refers to:
A) a company's ability to
Q303: Collateral refers to:
A) a company's ability to
Q304: When a company gives credit to a
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