A ________ Is a Document an Exporter Draws on a Foreign

question 79

Multiple Choice

A ________ is a document an exporter draws on a foreign buyer, requiring the buyer to pay the face amount, either on sight or on a specified date, once the goods are shipped.

• A)bank draft
• B)letter of credit
• C)repurchase agreement
• D)trade acceptance

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Definitions:

ACE Award

A recognition or accolade, though specific details such as the sphere of awarding and the awarding body would require further context to define accurately.

CSR Activities

CSR activities are corporate social responsibility initiatives undertaken by businesses to contribute to societal goals of a philanthropic, activist, or charitable nature beyond what may be required by regulators or environmental protection groups.

Cultural Norms

Shared expectations and rules that guide behavior and beliefs within a specific culture or society.

Authentic

Genuine or true; not copied or false.