4 Major Instruments used for Making International Payments are Foreign Bills of Exchange; Bank Drafts; Telegraphic Transfer; Letter of Credit.
<u>Explanation:
</u>
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.
Answer:
Answer: Most bills will have an effective date noted in the text of the bill. If an effective date is not noted, however, and if the bill passed by a two-thirds majority, then the bill takes effect immediately. If the bill does not pass by a two-thirds majority, then the bill becomes effective 90 days after adjournment.
Explanation:
Answer:
dont
Explanation:
You dont want to do that for something very important
Answer:
In probability and statistics, the reciprocal distribution, also known as the log-uniform distribution, is a continuous probability distribution. It is characterised by its probability density function, within the support of the distribution, being proportional to the reciprocal of the variable. The reciprocal distribution is an example of an inverse distribution, and the reciprocal of a random variable with a reciprocal distribution itself has a reciprocal distribution.
Explanation:
