Financial policy in exports - Financial documents

3 important questions on Financial policy in exports - Financial documents

Name three financial documents

  1. Cheque
  2. Bill of exchange
  3. 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?

  1. Acceptance for clearance
  2. Clearance with the usual reservation

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