This type of short-term paper was created as a result of international trade.
A) Treasury bill
B) Commercial paper
C) Bankers' acceptance
D) Revolving Line of credit
E) Asset backed commercial paper

Question

Quizplus · Accepted Answer

Bankers' acceptances are short-term financial instruments that were created to facilitate international trade. They are essentially promises by a bank to pay a specified amount at a future date, typically used in the trading of goods internationally, providing a secure, negotiable instrument for financing.

This Type of Short-Term Paper Was Created as a Result