Which of the Following Is NOT a Function of a Draft

question 12

Multiple Choice

Which of the following is NOT a function of a draft ?

• 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 insure the exporter is paid on a non-recourse basis

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Definitions:

Actual Value

The real, true, or observed value of a variable or attribute, without estimation or error.

Forecast Value

An estimate of a future numerical quantity, often used in the context of sales, weather, or financial performance.

Delphi Method

An iterative process used for collecting and distilling the knowledge of a panel of experts through a series of questionnaires interspersed with feedback.

Forecast

A prediction or estimate of future events, especially concerning weather or economic conditions.