What is a banker's acceptance? How is one created? Whose liability is it?
What will be an ideal response?
Answer: The use of a time draft in a documentary credit creates the opportunity for the creation of a banker's acceptance. The bank stamps and signs the draft as accepted, indicating that the bank will pay the face value of the draft at maturity. The accepted draft can then be discounted either by the issuing bank or in the money market.
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The research by Mumford et al. was done on a sample of ______.
A. higher education administrators B. high-level managers in industry C. managers at multiple levels of industry D. military leaders at multiple levels
What term below is used to identify potential donors?
A. cultivation B. prospect research C. charity philanthropy D. philanthropic management
One disadvantage of direct-to-customer channels is that they
A. require the producer to coordinate with many retailers. B. are not suitable when the number of transactions is small or when orders are large. C. make it more difficult to serve buyers who want to lease rather than buy products. D. are illegal in business and organizational markets. E. None of these answers is correct.
Scienter means knowledge that a representation is false or that it was made without sufficient knowledge of the truth
Indicate whether the statement is true or false