A ________ is a request for payment that is created when an importer asks its bank to write a letter to an exporter indicating that the importer's bank will honor the request.
A) draft
B) bill of lading
C) banker's acceptance
D) commercial invoice
Correct Answer:
Verified
Q2: When an exporter is dealing with a
Q3: The Export-Import Bank of the United States
Q4: What is the name of the company
Q5: A documentary credit reduces the uncertainty of
Q6: The Financial Credit Insurance Association offers two
Q7: The Export-Import Bank of the U.S.is the
Q8: In which one of the following payments
Q9: If the transfer of title for the
Q10: Insurance policies that covers all of the
Q11: If a bank accepts a _ draft,it
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