Solved

Which of the Following Functions Does a Draft NOT Perform

Question 13

Multiple Choice

Which of the following functions does a draft NOT perform?


A) to provide written evidence,in clear and simple terms,of a financial obligation
B) to enable both parties to potentially reduce their costs of financing
C) to provide a negotiable and unconditional instrument
D) to offer the exporter greater safeguards than a letter of credit in securing repayment from the importer

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions