A ____ is an unconditional promise drawn by one party, instructing the buyer to pay the face amount upon presentation.
A) draft
B) bill of lading
C) trade acceptance
D) letter of credit
Correct Answer:
Verified
Q23: All types of foreign trade transactions in
Q24: The Working Capital Guarantee Program is administered
Q25: An irrevocable L/C obligates the issuing bank
Q26: The risk to the exporter is highest
Q27: Which of the following is not true
Q30: As part of Ex-Imbank's export credit insurance
Q31: Which of the following is not true
Q32: A banker's acceptance is a draft drawn
Q33: In _, the exporter sells accounts receivable
Q66: Which of the following is not a
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