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that exceeds 270 days. D) all of the above. E) only A and B of the above. 13) A banker's acceptance is A) used to
that exceeds 270 days. D) all of the above. E) only A and B of the above. 13) A banker's acceptance is A) used to finance goods that have not yet been transferred from the seller to the buyer. B) an order to pay a specified amount of money to the bearer on a given date. C) a relatively new money market security that arose in the 1960s as international trade expanded. D) all of the above. E) only A and B of the above. 14) The advantage of mutual funds is that they A) require no cash up front. plotively small amounts of cash to invest access to large
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