The Draft That Requires Immediate Payment by the Drawee to the Payee

question 500

Multiple Choice

The draft that requires immediate payment by the drawee to the payee, which is true of a check, is called:

• A) a trade acceptance draft
• B) a sight draft
• C) a time draft
• D) an account receivable
• E) none of the other choices

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Definitions:

Macro Action

A programmed instruction that triggers a sequence of operations or commands in software, automating repetitive tasks.

Single Step

A process or operation performed individually or as a distinct part of a sequence in problem-solving or debugging tasks.

Macro Design View

A feature in software applications that lets users create, edit, and manage macros through a visual interface to automate repetitive tasks.

Macro Wizard

A tool in software that guides users through the process of creating macros, which are sets of automated actions.