In international commerce,a _____ refers to an order written by an exporter instructing an importer to pay a specified amount of money at a specified time.
A) bill of lading
B) draft
C) letter of credit
D) counterpurchase
E) buyback

Question

Quizplus · Accepted Answer

The description provided is that of a draft, which is a type of a payment instrument in international trade. A bill of lading is a document that serves as evidence of shipment or delivery of goods, a letter of credit is a document where a bank guarantees payment to a seller on behalf of a buyer, counterpurchase is a type of international trade where two countries agree to buy products from each other, and buyback is a type of agreement where a seller agrees to buy back goods from a buyer at a specified time or price.

In International Commerce,a _____ Refers to an Order Written by an Exporter