Question

The bill which is drawn in one country and payable in other country. Answer in a word / phrase / term.

Answer 1

Hey mate ✌️✌️


Inland Bill Exchange.

Answer 2

Answer:

Bill of Exchange

This is the type of Bill that is drafted and drawn by the country and it is payable in other countries.

Explanation:

Features of the Bill of Exchange

• It contains the time, date and year when the service and the goods were rendered to the country in question.

• It contains the terms and conditions which cannot be interfered with at whatever cost by the two parties.

• It contains the names of the two countries which are in the agreement of the services offered and the transaction to be done.

• It contains the amount which is payable by the second parties which is the country which the Bill of Exchange has been drawn to.