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Question 14 is accepted by the exporter's bank for payment and traded in the money markets as a time draft Banker's acceptance Letter of credit

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Question 14 is accepted by the exporter's bank for payment and traded in the money markets as a time draft Banker's acceptance Letter of credit Bill of lading Forfaiting transaction Commercial invoice Question 15 Which one of the following statements is FALSE regarding euro medium-term notes? They are commonly issued by large multinational firms They are popular due to the issuing speed, cost-efficiency, and flexibility They are unsecured debt issued for periods of nine months to 10 years They are shelf registered under the SEC Rule 415 They are issued in large denominations to fund large projects

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