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:

Logistics

The management of the flow of goods, information, and resources between the point of origin and the point of consumption in order to meet the requirements of customers or corporations.

Supply Chain Performance

An evaluation of how well a supply chain achieves its goals, often measured through metrics like efficiency, speed, cost, and reliability.

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.

Quantity

The amount, size, or number of something, which can be measured or counted.