Multiple Choice
Which of the following statements is INCORRECT?
A) Bankers' acceptances are more popular than commercial paper used in Canada as a short- term financing source.
B) Banks are the ultimate guarantors for payments of bankers' acceptances.
C) Bankers' acceptances can be traded in the secondary markets prior to their maturities.
D) Bankers' acceptances are commonly used to finance goods sold with short payment terms.
Correct Answer:
Verified
Correct Answer:
Verified
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