The interest rate the bank charges the customer in a banker's acceptance is referred to as the all-in rate; it entirely consists of the acceptance commission.

Name: The interest rate the bank charges the customer in a banker's acceptance is referred to as the all-in rate; it entirely consists of the acceptance commission.
Brand: Quizplus
Rating: 4.8 (61 reviews)

Question

Quizplus · Accepted Answer

The all-in rate in a banker's acceptance includes both the acceptance commission and the discount rate, which reflects the interest rate charged by the bank for providing the loan.

The Interest Rate the Bank Charges the Customer in a Banker's