Which of the following statements regarding "bankers' acceptances" is true?
A) Bankers' acceptances are used in overseas trading.
B) Bankers' acceptances are bought and sold on a discount basis.
C) Bankers' acceptances are guaranteed by the bank.
D) Bankers' acceptances are used in overseas trading, bankers' acceptances are bought and sold on a discount basis, and bankers' acceptances are guaranteed by the bank.
Correct Answer:
Verified
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