Which of the Following Drafts Is Payable on Presentation to the Drawee

question 1

Multiple Choice

Which of the following drafts is payable on presentation to the drawee?

• A)Bill of lading
• B)Sight draft
• C)Letter of credit
• D)Time draft
• E)Offset

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Definitions:

Market Share

The percentage of total sales in a market captured by a particular company, product, or brand.

Direct Investment

A type of investment in which a company builds or buys businesses in a foreign country.

Foreign Subsidiary

A company owned or controlled by another corporation, person, or entity, based in a country different from the parent company.