Which One of the Following Credit Instruments Is Commonly Used

question 52

Multiple Choice

Which one of the following credit instruments is commonly used in international commerce?

• A)open account
• B)sight draft
• C)time draft
• D)banker's acceptance
• E)promissory note

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Definitions:

Moravians

Members of a Protestant denomination known for its missionary work, originating from the followers of Czech reformer Jan Hus in the Moravia region of the Czech Republic.

Pacifist Beliefs

Refers to the opposition to war or violence as a means of settling disputes or principles opposing the use of force.

Revivalist Efforts

describes initiatives aimed at reinvigorating or renewing interest in a particular religious, cultural, or societal movement or idea.

Hierarchal Authority

A system or organization where power or authority is ranked in a series of levels or layers, with each level having control over the one directly below it.