Which of the following credit agreements will provide the highest likelihood of cash payment to a seller of goods?

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A banker's acceptance is a financial instrument in which a bank accepts responsibility for payment on behalf of a buyer. This provides a higher likelihood of payment to the seller as the bank guarantees payment. The other options, time draft, open account, and conditional sale, do not provide the same level of security for the seller. Time drafts and open accounts rely on the buyer's willingness to pay, while a conditional sale depends on the buyer successfully completing the terms of the sale before payment is made.

Which of the Following Credit Agreements Will Provide the Highest