Which of the Following Attributes of a Bankers' Acceptance Greatly

question 34

Multiple Choice

Which of the following attributes of a bankers' acceptance greatly enhances its marketability?

• A)the authenticity of an accepted draft is separated from the underlying commercial transaction
• B)the accepted draft may not be dishonored for reason of a dispute between the exporter and importer
• C)the accepted draft is automatically guaranteed by the Eximbank
• D)both a and b

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Definitions:

Immigration

The action of coming to live permanently in a foreign country.

Mayor

The elected head of a city, town, or other municipality.

Capitalization

The practice of writing certain words or letters in uppercase for emphasis or to adhere to grammatical rules.

Superior

Someone or something that is higher in rank, status, or quality compared to others.