A Banker's Acceptance Is Created When

question 8

Multiple Choice

A banker's acceptance is created when

• A)a document issued by the common carrier specifies that it has received the goods for shipment; it can serve as title to the goods.
• B)after taking title to the goods via a bill of lading,the importer's bank accepts the time draft.
• C)a time draft calls for payment upon physical delivery of goods matures.
• D)none of the options

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