A bill of exchange or draft drawn on a bank and commonly used to guarantee exporters that they will receive payment on goods delivered to importers is a/an

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A bill of exchange or draft drawn on a bank is commonly referred to as a banker's acceptance. It is a time draft that guarantees payment to the exporter when the draft matures. This instrument is widely used in international trade to ensure the payment of goods delivered to importers.

A Bill of Exchange or Draft Drawn on a Bank