Which of the Following Functions Does a Draft NOT Perform

question 13

Multiple Choice

Which of the following functions does a draft NOT perform?

• A)to provide written evidence,in clear and simple terms,of a financial obligation
• B)to enable both parties to potentially reduce their costs of financing
• C)to provide a negotiable and unconditional instrument
• D)to offer the exporter greater safeguards than a letter of credit in securing repayment from the importer

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Definitions:

Employment References

Evaluations of an employee’s past work performance and job-relevant behaviours provided by past employers.

Personal References

Individuals who can provide a personal account of an applicant's character, abilities, and experiences, usually requested during the hiring process.

Integrity Tests

Employment tests that measure an applicant’s honesty and trustworthiness.

Honesty and Trustworthiness

Key moral attributes expected in interpersonal and professional relationships, signifying integrity and reliability.