A draft requiring immediate payment is called a(n)
A) bill of exchange.
B) sight draft.
C) time draft.
D) documentary draft.
Correct Answer:
Verified
Q107: The maturity of a banker's acceptance arising
Q108: In effect, the commercial letter of credit
Q109: A domestic importer ordering foreign merchandise from
Q110: A draft that is accompanied by an
Q111: Should a business fail after receiving shipping
Q113: A trust receipt as used in financing
Q114: An instrument through which a bank retains
Q115: In recent years, the principal market for
Q116: The banker's acceptance and the commercial letter
Q117: The commercial letter of credit is of
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