Under a ____, the Exporter Is Paid Once Shipment Has

Under a ____, the exporter is paid once shipment has been made and the draft is presented to the buyer for payment; under a ____, the exporter provides instructions to the buyer's bank to release shipping documents against acceptance, by the buyer, of the draft.

A) sight draft; time draft
B) sight draft; banker's acceptance
C) bill of lading; banker's acceptance
D) time draft; sight draft

Correct Answer:

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