Answer the following questions on international trade financing. A. Explain the process through which a time draft is converted into a negotiable money market instrument called bankers' acceptance. (2+2+2 - 6 marks) B. Explain how the letter of credit promotes trade between two countries. (4x3 = 12 marks) C. Explain with an example why countertrade has received greater importance in trade relations between countries nowadays. (2x2 - 4) TT T Arial 3 (12pt) o I Path: P A Click Submit to complete this assessment