A Date Draft Transaction Solves One of the Problems of Documentary

question 45

True/False

A date draft transaction solves one of the problems of documentary collection in general: the date at which the importer will endorse the draft.

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Definitions:

Smallest Term

The term in a mathematical expression or equation that has the lowest degree, or in a sequence or series, the term with the least value.

Express

To convey a thought or feeling in words or by gestures and conduct.

Buying Power

The amount of money or credit a person or company has available to purchase stocks, bonds, or other securities.

CPI

Stands for Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.