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.
Explanation:
The main function of the U.S. federal government is creating and enforcing laws to ensure order and stability within society. The U.S. Constitution outlines the nation's law-making process and establishes institutions to carry out this function.
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Public Administration.
Public Policy.
American Government and Politics.
Political Science.
International Affairs.
Women in Government.
Urban Planning.
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D. Child seat laws
Explanation:
In a certain crashing events , the Child Seat Laws are safety laws to reduce injuries in car crashes.
