When a Time Draft Is Drawn on and Accepted by a Bank

question 40

Multiple Choice

When a time draft is drawn on and accepted by a bank, it is known as a

• A) trade acceptance.
• B) banker's check.
• C) banker's acceptance.
• D) bill of lading.
• E) letter of credit.

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Definitions:

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Legislation refers to the process of making or enacting laws, and can also refer to the laws themselves.

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