80.2K

Verified Solution

Question

Finance

A time draft

is a written order instructing the importer or his agent that calls for payment the amount specified on its face on a certain date.

later becomes a banker's acceptance.

none of the options

is a document issued by the common carrier specifying that it has received the goods for shipment; it can serve as title to the goods.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students