Which of the following is a characteristic of a time draft? A. It has

QUESTION

Which of the following is a characteristic of a time draft?

A. It has no value given the deferred nature of the document.

B. It is generally not preferred in international transactions.

C. It is a negotiable instrument.

D. It is also known as a bill of lading.

E. It cannot be sold by an exporter.

ANSWER

C