Banker's acceptances are frequently used to facilitate trade between firms in the United States and other countries.

Name: Banker's acceptances are frequently used to facilitate trade between firms in the United States and other countries.
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

Banker's acceptances are a widely accepted form of payment in international trade, often used to ensure that goods are delivered before payment is made. They allow for a level of security for both the buyer and the seller in cross-border transactions.

Banker's Acceptances Are Frequently Used to Facilitate Trade Between Firms