Royal Dutch Shell has a sizeable oil refinery in Singapore. It is planning to have a new massive Office Building in the Central Business District which will take two years to complete. Which form of financing is likely to be more appropriate? An Overdraft facility A Letter of Credit facility A Short-Term Revolving Credit facility A Term loan facility A Bill of Exchange is a financial instrument drawn up by the Seller, and after acceptance by the Buyer is an unconditional payment obligation to pay at a specific future date. A Bill of Exchange is referred to as a "draft" until it has been accepted. Is this statement TRUE or FALSE? True False