In international commerce,a draft is sometimes referred to as a _____.
A) bill of exchange
B) letter of credit
C) bill of lading
D) counterpurchase
E) buyback

Question

Quizplus · Accepted Answer

A draft is a type of bill of exchange, which is a written order from one person or entity to another requesting payment of a certain amount on a specific date. It is commonly used in international commerce as a way to facilitate payment between parties in different countries.

In International Commerce,a Draft Is Sometimes Referred to as a _____