A Sight Draft Is a Payment for Purchase of Goods

question 96

True/False

A sight draft is a payment for purchase of goods and services across national borders which is payable only on a specific future date.

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Definitions:

Prototype

An early sample or model of a product used to test a concept or process or to act as a thing to be replicated or learned from.

Cognitive Representation

The way in which knowledge and ideas are mentally structured and stored, influencing perception and understanding.

Central

Being at or forming the centre, often considered the most important part or aspect.

Primacy

An order of presentation effect in which earlier presented information has a disproportionate influence on social cognition.