A _____ is simply 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) barter
Correct Answer:
Verified
Q63: Lack of trust between two parties engaged
Q64: Which of the following is an advantage
Q65: Which of the following stands at the
Q66: A draft is sometimes referred to as
Q67: The two categories of drafts are:
A)contract drafts
Q69: The letter of credit is issued by
Q70: When an exporter ships goods to the
Q71: How does the international practice of settling
Q72: When a letter of credit is used
Q73: What is the drawback for the importer
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