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Explain how a banker's acceptance is created and how it is beneficial to an exporter, an importer and the bank. (8 marks)

Explain how a banker's acceptance is created and how it is beneficial to an exporter, an importer and the bank.

(8 marks)

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A bankers acceptance is a financial instrument that is used to facilitate international trade transactions Heres how it is created and its benefits to ... blur-text-image

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