How is a trade acceptance created? Whose liability is it? Can it be sold in the international

Question:

How is a trade acceptance created? Whose liability is it? Can it be sold in the international money market?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

International Financial Management

ISBN: 978-0132162760

2nd edition

Authors: Geert Bekaert, Robert J. Hodrick

See More Books

Question Posted: May 28, 2012 02:34 AM

See More Questions

Here are some prices in the international money markets: Spot rate = $1.46 : Forward rate (one year) = $1.49: Interest rate () = 7% per year Interest rate ($) = 9% per year a. Assuming no...
How can international trade influence economic development positively over time?
How can international trade in assets make both countries better off?
M1 is a way to measure... a) the level of bank reserves b) a country's money supply c) the level of savings in a country d) a country's economic potential
Summary income statement information for Pas Corporation and its 70 percent-owned subsidiary, Sit, for the year 2012 is as follows (in thousands): Pas Sit Sales .......................................
Ursula Williams and Stephanie Magursky are opening an Office Depot store in a shopping center in Santa Fe, New Mexico. The area is growing, and no competitors are located nearby. Their most basic...
Allocate and record income and loss among partners. (p. D-5) AppendixLO1
The 2014 accounting records of Rogan Transport reveal these transactions and events. Instructions Prepare the cash flows from operating activities section using the directmethod. Payment of interest...
Define statute of limitations and extensions
The operations of Balloons Ltd. generated the following data for its current December 31 taxation year: Business losses (150,000) Dividends received and deducted (Division C) 25,000 Bond interest...
What is the difference between a documents against payment collection and a documents against acceptance collection?
What is meant by a document discrepancy? How might one arise? How can it be resolved?
We have provided simple data sets for you to practice the basics of finding measures of center. For each data set, determine the a. Mean. b. Median. c. Mode(s). 1, 2, 4, 4
Companies in the tire manufacturing business use a lot of property, plant, and equipment. Tyrell Rubber and Tire Corporation and Maxwell Rubber and Tire Manufacturing are two of the leading...
(7%) Problem 11: A student launches a small rocket which starts from rest at ground level. At a height h = 2.09 km, the rocket reaches a speed of v = 291 m/s. At that height, the rocket runs out of...
2. For the following three sets of electric field lines, what charge or charges would make such lines? Indicate their locations and type of charge (e.g. positive/negative) a.
What is the most important take-home point that you learned from this video? https://www.youtube.com/watch?v=nUZqvsF_Wt0 2. Policy Problems. What is onepolicy that creates inequality in the labor...
An employee had $20,300 in gross earnings up to September 20, 2021. She has the following information for her pay for the week ending September 27, 2021. Her employer contributes 100% toward CPP and...
How can information technology be utilized to ensure that the P2Y12 inhibitor is ordered by the interventional cardiologist and dispensed by the pharmacist to the patient without delaying patient...
suppose a nickel-contaminated soil 15 cm deep contained 800 mg/kg Ni, Vegetation was planted to remove the nickel by phytoremediation. The above-ground plant parts average 1% Ni on a dry-weight bas...
What is total revenue and how is it calculated?
Using Exhibit 5.4, calculate the one-, three-, and six-month forward premium or discount for the Canadian dollar versus the U.S. dollar using American term quotations. For simplicity, assume each...
Using Exhibit 5.4, calculate the one-, three-, and six-month forward premium or discount for the U.S. dollar versus the British pound using European term quotations. For simplicity, assume each month...
Using Exhibit 5.4, calculate the one-, three-, and six-month forward premium or discount for the U.S. dollar versus the British pound using European term quotations. For simplicity, assume each month...
1. (A nice inharitage) Suppose $1 were invested in 1776 at 3.3% interest compounded yearly a) Approximatelly how much would that investment be worth today: $1,000, $10,000, $100,000, or $1,000,000?...
Why Should not the government subsidize home buyers who make less than $120K per year. please explain this statement
Entries for equity investments: 20%50% ownership On January 6, 20Y8, Bulldog Co. purchased 25% of the outstanding common stock of $159,000. Gator Co. paid total dividends of $20,700 to all...

How is a trade acceptance created? Whose liability is it? Can it be sold in the international

Question:

Step by Step Answer:

By accepting a time draft the importer acknowledges his legal obligation to pay the face amount of t...View the full answer

International Financial Management

Students also viewed these Corporate Finance questions