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Select each correct answer. How are banker's acceptance different from corporate checks? The face value of a banker's acceptance is not payable immediately Banker's acceptances

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Select each correct answer. How are banker's acceptance different from corporate checks? The face value of a banker's acceptance is not payable immediately Banker's acceptances have a secondary market where the holders can cash out their positions prior to maturity The bank issuing the acceptance guarantees payment to the holder of the banker's acceptance even if the bank cannot collect the funds from its customer Banker's acceptances are used mostly for international transactions

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