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A bank issues a negotiable short-term instrument to finance the import of goods for a company. This instrument requires that the bank take responsibility for
- A bank issues a negotiable short-term instrument to finance the import of goods for a company. This instrument requires that the bank take responsibility for paying a draft issued in connection with a letter of credit. What type of trade service is being offered?
- Commercial paper
- Documentary collection
- Letter of credit confirmation
- Banker's acceptance
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
