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A Banker's Acceptance Is

Question 30

Multiple Choice

A banker's acceptance is:


A) a debt instrument issued by a bank and that which usually pays interest.
B) a negotiable instrument drawn against deposited funds, to pay a specified amount of money to a specific person upon demand.
C) the acceptance by a drawee of a check or draft.
D) a short-term credit investment created by a non-financial firm and guaranteed by a bank.
E) a written order by one person to pay a sum of money to a third person.

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