What is a bankers acceptance? Does it have any connection with L/Cs?

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What is a banker’s acceptance? Does it have any connection with L/Cs?

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Financial Markets Banking And Monetary Policy

ISBN: 9781118872239

1st Edition

Authors: Thomas D. Simpson

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Question Posted: Feb 02, 2024 09:48 AM

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What is a bankers acceptance? Does it have any connection with L/Cs?

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A Bankers Acceptance BA is a type of shortterm credit investment created by a nonfinancial firm and guaranteed by a bank Essentially a bankers accepta...View the full answer

Financial Markets Banking And Monetary Policy

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