drawee and the payee
drawer and the payee
drawee and the drawer
drawer and the payee
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a financial institution?
Commodity Board
Insurnace company
Clearing house
stock exchange
Correct answer is A
No explanation has been provided for this answer.
A bill of exchanged on maturity is allowed?
seven days of grace
five days of grace
four days of grace
three days of grace
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a means of payment in foreign trade?
Telegraphic money order
Specially crossed cheque
Letters of credit
Debit transfer
Correct answer is B
No explanation has been provided for this answer.
Which of the following refers to a price reduction based on the size of order?
Cash account
Trader discount
Seasonal discount
Cash on discount
Correct answer is B
No explanation has been provided for this answer.