Which security listed below best fits this definition: "Time drafts issued by large multi-national banks?"
A) Federal Agency securities
B) Treasury bills
C) Federal funds
D) Negotiable certificates of deposit
E) Eurodollar deposits
F) Bankers acceptances
G) Commercial paper
H) U.S. Government bonds
I) None of the above

Question

Quizplus · Accepted Answer

Bankers acceptances are time drafts issued by large multi-national banks, which are used in international trade. They are a form of short-term debt that is guaranteed by a bank, making them a secure form of investment.

Which Security Listed Below Best Fits This Definition: "Time Drafts