Gomez Enterprises, a firm based in Mexico City, exported 1,000 circuit boards to Taylor Industries, a firm based in Chicago.Taylor received a document from Gomez that requests immediate payment for the goods.Gomez has most likely sent a ________.

Question

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Gomez most likely sent a sight draft, which requests immediate payment upon presentation of the draft to the buyer. A time draft would allow the buyer a specified period of time before payment is due, while spot and futures drafts are not commonly used in international trade.

Gomez Enterprises, a Firm Based in Mexico City, Exported 1,000