Which of the following is not true regarding a banker's acceptance?
a. The exporter benefits because it does not have to worry about the credit risk of the importer
b. The importer benefits because it obtains greater access to foreign markets when purchasing supplies.
c. The bank guaranteeing the draft earns a commission for creating an acceptance.
d. It is a sight draft.
e. All of the above are true.
d
You might also like to view...
Describe the right way to conduct an interview. Give three examples of questions you would ask.
What will be an ideal response?
Producing goods evenly throughout the year despite having a seasonal sales pattern could lead to:
a. Employee morale issues. b. High costs for recruiting and training new employees. c. The potential for inventory obsolescence. d. Relatively stable inventory levels.
What is the customer relationship model? What are the implications of the model on salespeople?
What will be an ideal response?
A ________ is recorded when inventory damage or obsolescence occurs.
What will be an ideal response?