In the field of foreign trade, the most common form of credit instrument is the:

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Quizplus · Accepted Answer

Bankers' acceptances are commonly used in foreign trade as a credit instrument. They are similar to a promissory note and represent a promise by a bank to pay a specified amount of money at a future date. Bankers' acceptances are often used to finance imports or exports and are typically used in transactions involving large sums of money. Trust receipts are a type of security arrangement in which a buyer takes possession of goods before paying for them, while a sight draft is a type of payment order that requires the buyer to pay the seller immediately upon receipt of the goods. Neither of these instruments are as commonly used in foreign trade as bankers' acceptances.

In the Field of Foreign Trade, the Most Common Form