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  3. Study Set
    Global Business Today Study Set 7
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    Exam 14: Exporting, Importing, and Countertrade
  5. Question
    When a Time Draft Is Drawn on and Accepted by a Business
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When a Time Draft Is Drawn on and Accepted by a Business

Question 24

Question 24

Multiple Choice

When a time draft is drawn on and accepted by a business firm, it is known as a(n)


A) trade acceptance.
B) in-transit bill.
C) banker's acceptance.
D) bill of lading.
E) letter of credit.

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