A Banker's Acceptance Is

question 20

Multiple Choice

A banker's acceptance is

• A)a time draft drawn on the exporter's bank.
• B)a method to help importers evaluate the creditworthiness of exporters.
• C)a liability of the importer and the importer's bank.
• D)an add-on instrument.
• E)for greater than one year maturity.

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Definitions:

Informal Language

Informal language is a style of communication that is casual, using everyday expressions and not adhering strictly to grammar rules.

Casual

A style or approach that is relaxed, informal, and not bound by strict codes or standards.

Complimentary Close

A polite phrase or word used at the end of a letter or email before the sender’s signature, expressing good wishes or thanks.

Business Letters

Formal letters used for professional correspondence between individuals, companies, or organizations.