The Board of Governors of the Federal Reserve System Considers

The Board of Governors of the Federal Reserve System considers bankers' acceptances used in international trade to be: Not in chapter

A) advantageous, but does not enter in bankers' acceptance financing
B) outside the Fed's realm of influence, neither encouraging nor discouraging their use
C) a hindrance to domestic monetary control efforts
D) very desirable and actually purchases and holds them in supporting the market for such securities