Iip301 quiz 2 ch8 9 10 Study guides, Class notes & Summaries

1. In most case, a draft accepted by bank enjoys ______________ credit standing than a draft accepted by a company and individual. A. Higher B. Lower C. None of the above A 2. The draft with tenor "45 days after shipment date (shipment date: 15 June 2019) is called: A. Time draft B. Sight draft C. Usance draft D. Both A and C are correct D 3. Which is the internationally recognized of rules unifying banking practice regarding collection operations for drafts and for docum...

A 1. In most case, a draft accepted by bank enjoys ______________ credit standing than a draft accepted by a company and individual. A. Higher B. Lower C. None of the above D 2. The draft with tenor "45 days after shipment date (shipment date: 15 June 2019) is called: A. Time draft B. Sight draft C. Usance draft D. Both A and C are correct A 3. Which is the internationally recognized of rules unifying banking practice regarding collection operations for drafts and for do...