The attitude of central banks and commercial banks toward bankers' acceptances
A) has been favorable regarding bankers' acceptances as attractive short-term commitments.
B) has never been constructive and has, in fact, been in opposition to their use at times.
C) is one of approval provided that before investing in such instruments guarantees can be obtained from the Export-Import Bank.
D) is irrelevant, since they are prevented from investing in such instruments by regulations or laws.
Correct Answer:
Verified
Q98: The effect of arbitrage activities in foreign
Q99: In the field of foreign trade, the
Q100: Before arbitragers take action with respect to
Q101: A promise of future payment issued by
Q102: A statement by a bank guaranteeing acceptance
Q104: The traveler's letter of credit is usually
Q105: An unconditional order for the payment of
Q106: Loans by an exporter's bank based on
Q107: The maturity of a banker's acceptance arising
Q108: In effect, the commercial letter of credit
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