A banker's acceptance is
A) A guarantee from the importer's bank that is will act on behalf of the importer and pay the exporter for the merchandise if all relevant documents are presented
B) Is a written order instructing the importer or his agent to pay the amount specified on its face on a certain date
C) Is a document issued by the common carrier specifying that it has received the goods for shipment
D) Is a negotiable money market instrument for which a secondary market exists
Correct Answer:
Verified
Q6: The term "countertrade" refers to:
A) many different
Q8: Which forms of countertrade involve the use
Q10: A letter of credit is
A)A guarantee from
Q11: Which forms of countertrade do not involve
Q12: The three basic documents needed in a
Q14: If the value at maturity is $2,860,000
Q15: A time draft is
A)A guarantee from the
Q16: The _ sends a purchase order to
Q16: The term "forfaiting"
A)means relinquishing, waiving, yielding, and
Q36: If the market rate for 90-day B/As
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