A _______ is a postdated cheque that has been guaranteed by a bank for payments.
A) Eurodollars
B) commercial paper
C) certificate of deposit
D) banker's acceptance
E) call money securities

Question

Quizplus · Accepted Answer

A banker's acceptance is a postdated cheque that has been guaranteed by a bank for payments. Eurodollars are dollar-denominated deposits outside of the United States. Commercial paper refers to unsecured short-term debt issued by companies. Certificate of deposit refers to a type of time deposit that pays a fixed interest rate. Call money securities refer to funds borrowed in the overnight market.

A _______ Is a Postdated Cheque That Has Been Guaranteed