A Bank's Promise to Pay the Holder a Designated Amount

question 8

Multiple Choice

A bank's promise to pay the holder a designated amount of money,on a designated future date,and often used in international trade is known as a(n) :

• A)promissory guarantee.
• B)discount security.
• C)bankers' acceptance.
• D)in-the-money option.
• E)accretion note.

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Definitions:

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