Simply put, a ________ is a vehicle created to facilitate commercial trade transactions.

Question

Quizplus · Accepted Answer

A bankers acceptance is a financial instrument that can be used as a vehicle to facilitate commercial trade transactions. It is a type of time draft where the buyer agrees to pay the seller a specific amount of money on a specific date. The seller can then sell the bankers acceptance to a third party at a discount, providing them with immediate payment instead of waiting until the date specified on the draft.

Simply Put, a ________ Is a Vehicle Created to Facilitate