4 Major Instruments used for Making International Payments are Foreign Bills of Exchange; Bank Drafts; Telegraphic Transfer; Letter of Credit.
<u>Explanation:
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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.
Supreme court has the ultimate authority to decide whether or not a federal law or action is constitutional.
What is the role of Supreme court ?
- For all issues and controversies arising under the Constitution or the laws of the United States, the Court is the highest tribunal in the country. The Supreme Court serves as the final arbiter of law, upholding the promise of equal justice under the law for all Americans. In doing so, it also serves as the Constitution's protector and interpreter.
- According to Chief Justice Charles Evans Hughes, the Supreme Court is "distinctly American in idea and function." Few other courts in the world have the same constitutional interpretation authority, and none have used it as extensively or for as long.
- The strong adherence of the American people to the Rule of Law and to constitutional government is a major contributor to the Supreme Court's unique position.
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Answer:
<u>Its the lower house of the United States Congress. The House and the Senate work together on bills to give to the president to put into law.</u>
Explanation:
Answer:
E. none of these.
Explanation:
Union calendar can be referred to as a separate calendar in the United States by which house of representatives schedules bills involving money issues. In the question non of the options concur with the above definition so the right answer is option E- None of these.
