A time draft
A) is a document issued by the common carrier specifying that it has received the foods for shipment; it can serve as title to the goods.
B) later becomes a banker's acceptance.
C) written order instructing the importer or his agent that calls for payment the amount specified on its face on a certain date.
D) none of the above
Correct Answer:
Verified
Q1: International trade is more difficult and risky
Q4: Forfaiting meets Islamic finance practices.
Q5: Suppose the face amount of a promissory
Q6: When a bank purchases at a discount
Q6: Banker's Acceptances usually have maturities ranging from
A)30
Q8: A bill of lading
A)is a document issued
Q9: Conducting international trade transactions is difficult in
Q12: The three basic documents needed in a
Q15: A time draft can become a negotiable
Q18: The _'s bank sends the letter 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