Financial policy in exports - Financial documents
3 important questions on Financial policy in exports - Financial documents
Name three financial documents
- Cheque
- Bill of exchange
- Promissory note
Who is the drawer of a chque?
The principal
Which two ways are open tot he bank after an exporter has received a cheque from his debtor on the basis of an export transaction and send it to his bank?
- Acceptance for clearance
- Clearance with the usual reservation
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