-Refer to the above graph which shows the import demand and export supply curves for two nations that produce a product.The import demand curves for the two nations are represented by lines:
Definitions:
Endorser
A person who signs their name on a document, often a check, to indicate their approval or to transfer ownership to another party.
Drawer
In a financial context, the person who writes or issues a check or draft instructing a bank to pay a specified sum of money to a designated party.
Liable
Legally responsible or obligated.
Promissory Note
A written and legally binding promise to pay a specific sum of money to a designated party at a specified time or on demand.
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