A Time Draft Is

question 6

Multiple Choice

A time draft is:

• A) a guarantee from the importer's bank that is will act on behalf of the importer and pay the exporter for the merchandise if all relevant documents are presented.
• B) is a written order instructing the importer or his agent to pay the amount specified on its face on a certain date.
• C) is a document issued by the common carrier specifying that it has received the goods for shipment.
• D) is a negotiable money market instrument for which a secondary market exists.

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Definitions:

Young Adulthood

A life stage occurring after adolescence, typically between ages 20 to 40, focusing on personal and professional development.

Intimate Relationships

Deeply personal and close associations between individuals characterized by love, trust, and emotional connections.

Developmental Crises

Critical points in an individual's life where significant change occurs, often requiring adjustment or resolution.

Basic Weaknesses

Motivating characteristics that derive from the unsatisfactory resolution of developmental crises.