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  3. Study Set
    Principles of Managerial Finance
  4. Exam
    Exam 15: Working Capital and Current Assets Management
  5. Question
    A Banker's Acceptance Is a Low-Risk Security Because at Least
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A Banker's Acceptance Is a Low-Risk Security Because at Least

Question 305

Question 305

True/False

A banker's acceptance is a low-risk security because at least two, and sometimes three, parties may be liable for its payment at maturity.

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