The Time from Acceptance to Maturity on a $1,000,000 Banker's

question 50

Essay

The time from acceptance to maturity on a $1,000,000 banker's acceptance is 60 days.The importing bank's acceptance commission is 1.00 percent and that the market rate for 60-day B/As is 5 percent.
Determine the amount the exporter will receive if he holds the B/A until maturity.

---

Definitions:

Color Blind

A condition characterized by the inability to see colors in the usual way, affecting the perception of colors.

Humans

Members of the species Homo sapiens, characterized by their ability to use complex language, reason, and create complex social structures.

Color Blind

A condition in which a person is unable to distinguish certain colors or sees colors differently due to a lack of one or more types of color receptors in the eyes.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.