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When the exporter, expects the importer, to make the payment immediately upon the draftbeing presented to him is called.

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Question:

When the exporter, expects the importer, to make the payment immediately upon the draftbeing presented to him is called.

A.

Sight Draft.

B.

Usance Draft

C.

Demand draft

D.

Pay Note

Answer» a. Sight Draft.

Note: The above multiple-choice question is for all general and Competitive Exams in India.