Multiple Choice
Which of the following is not true regarding a banker's acceptance?
A) The exporter benefits because it does not have to worry about the credit risk of the importer.
B) The importer benefits because it obtains greater access to foreign markets when purchasing supplies.
C) The bank guaranteeing the draft earns a commission for creating an acceptance.
D) It is a sight draft.
E) All of these are true.
Correct Answer:
Verified
Correct Answer:
Verified
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