A ________ is a document an exporter draws on a foreign buyer, requiring the buyer to pay the face amount, either on sight or on a specified date, once the goods are shipped.
A)bank draft
B)letter of credit
C)repurchase agreement
D)trade acceptance

Question

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The Answer of A ________ is a document an exporter draws on a foreign buyer, requiring the buyer to pay the face amount, either on sight or on a specified date, once the goods are shipped.
A)bank draft
B)letter of credit
C)repurchase agreement
D)trade acceptance

A ________ Is a Document an Exporter Draws on a Foreign