4 Major Instruments used for Making International Payments are Foreign Bills of Exchange; Bank Drafts; Telegraphic Transfer; Letter of Credit.
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To make payments in the foreign countries the instruments used are Foreign Bills of Exchange, Bank Drafts and Telegraphic Transfers and Letter of Credit. Each of these instruments mentioned as different methodologies in sending the money to the foreign banks.
Let us explain one by one; Foreign Bills of Exchange money drawn from country is payable at another country. Bank draft which is drawn on bank funds and payment assurance is made by the bank that issues it.
Telegraphic Transfer is an electronic method of fund transfer used mainly for overseas wire transactions. And final one is Letter of Credit is a letter given by the bank assuring that a buyer's payment to a seller will be received on time and for the correct amount.
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Explanation:
Social learning theory states that we learn criminal behavior through the mechanisms of __________________ and _____________________.
Explanation:
In mediation, parties agree to work together, but under the guidance of a trained mediator. ... Through negotiation, parties are able to bind themselves in an agreement. A mediator, on the other hand, doesn't have decision-making power and doesn't hand down a ruling like an arbitrator or a judge might.
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The three causes are politics, a lack of communication, and race.
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