___________is a time draft drawn on a bank by either an exporter or an importer to finance international business transactions.
A) A commercial paper
B) A bankers' acceptance
C) A capital note
D) none of the above

Question

Quizplus · Accepted Answer

A bankers' acceptance is a financial instrument used in international trade. It is a time draft drawn on a bank, typically by an exporter or importer, to finance the purchase or sale of goods. This instrument is considered a safe and reliable form of payment, as it is backed by the bank's promise to pay at a future date.

___________Is a Time Draft Drawn on a Bank by Either