Which of the following is used extensively in foreign trade when the creditworthiness of one trader is unknown to the trading partner?
A) Repos
B) Bankers' acceptances
C) Eurodollars
D) Federal funds A bankers' acceptance facilitates foreign trade by substituting a bank's credit for that of the trading partner.
Correct Answer:
Verified
Q62: The _ index represents the performance of
Q63: A bond that can be retired prior
Q64: Corporations can exclude _% of the dividends
Q66: A municipal bond issued to finance an
Q69: The _ index represents the performance of
Q69: You sold a futures contract on corn
Q70: You purchased a futures contract on corn
Q70: The ultimate stock index in the U.S.is
Q71: The _ index represents the performance of
Q80: You sold a futures contract on corn
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents