Financial policy in exports - Financial documents - The bill of exchange
3 important questions on Financial policy in exports - Financial documents - The bill of exchange
What is acceptance in blank?
Name two forms of endorsement
- Full endorsement
- Endorsement in blank
Why is the bill of exchange an important tool for financing?
- t can be traded without difficulty
- It leads its own legal life, separate from the underlying goods transaction
- It is possible to discount the bill with a bank
- Banks can re-discount a bill
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