Which of the Following Statements Holds True for the Sight

question 79

Multiple Choice

Which of the following statements holds true for the sight draft?

• A)The sight draft is paid on the receipt of the goods by the importer.
• B)The sight draft is payable typically 30, 60, 90, or 120 days in the future as specified by the draft.
• C)The sight draft is paid on receipt of the draft (when it is "seen").
• D)The sight draft is paid in advance immediately after the order is made to the exporter and before the export of the ordered goods.
• E)The sight draft is paid after a period of exactly one year after the delivery has been made to the importer.

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Definitions:

Margin of Error

The margin of error is a statistic expressing the amount of random sampling error in a survey's results, indicating the range within which the true population parameter is expected to lie with a certain level of confidence.

Standard Deviation

a statistic that measures the dispersion of a dataset relative to its mean, indicating how spread out the numbers are.

Gas Stations

Retail establishments that sell fuel and often other services or goods for motor vehicles.

Significance Level

the probability of rejecting the null hypothesis when it is true, used as a criterion for deciding the outcome of a statistical test.