A bankers' acceptance:
A) is a draft drawn on a corporation.
B) may be accepted by the corporation for future payment.
C) is a long term investment accepted by the bank.
D) is traded in a relatively liquid market until maturity.

Question

Quizplus · Accepted Answer

The Answer of A bankers' acceptance:
A) is a draft drawn on a corporation.
B) may be accepted by the corporation for future payment.
C) is a long term investment accepted by the bank.
D) is traded in a relatively liquid market until maturity.

A Bankers' Acceptance