A primary uses of the bankers acceptances to finance the purchase of internationally traded goods while those goods are in transit.

Question

Quizplus · Accepted Answer

Bankers acceptances are used in international trade to finance the purchase of goods that are being shipped from one country to another. They serve as a guarantee from the bank that the seller will be paid, and they are particularly useful when the reliability of one of the parties is uncertain.

A Primary Uses of the Bankers Acceptances to Finance the Purchase