A(n) ________________________ Is a Payment Form Where a Draft Is

question 64

Multiple Choice

A(n) ________________________ is a payment form where a draft is so drawn as to be payable on presentation to the drawee (usually the buyer) .

• A) cash with order
• B) third party draft
• C) confirmed irrevocable letter of credit
• D) sight draft
• E) time draft

---

Definitions:

Peanut Butter

A food paste or spread made from ground, dry-roasted peanuts.

Consumer Income

The total amount of money earned by an individual or household that affects their buying habits and purchasing power.

Complements

Goods or services that are used together, where the use of one increases the value or demand for the other, like smartphones and data plans.

Substitutes

Goods or services that can be used in place of each other to satisfy consumer preferences or needs.