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Briefly explain a (1) draft (who issues a draft to whom?). Describe and compare (2) a sight draft, (3) a time draft, and (4) a

  1. Briefly explain a (1) draft (who issues a draft to whom?). Describe and compare (2) a sight draft, (3) a time draft, and (4) a bankers acceptance in below.

Which one is used in the Documents against payment (D/P) collection?

Which one is used in the Documents against acceptance (D/A) collection?

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