banker's acceptance is: a. a time draft drawn on the exporter's bank. b. a method to help importers evaluate the creditworthiness of exporters. c. a liability of the importer and the importer's bank. d.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A banker's acceptance is:
a.
a time draft drawn on the exporter's bank.
b.
a method to help importers evaluate the creditworthiness of exporters.
c.
a liability of the importer and the importer's bank.
d.
an add-on instrument.
e.
for a maturity of greater than one year.
Clear my choice
 
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