A trade account is

Select one:

a.short-term financing of importing and exporting activities across the globe.

b.a financial instrument that provides an exporter with a written guarantee that a financial institution will honour payment once the goods have been delivered.

c.a bank draft that requires payment when the goods are received.

d.the simplest form of financing international trade, involving the importer paying for the goods only after they are received and title to them has been transferred.