Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When a bank guarantees the payment of a commercial draft, the instrument is called a(n): Multiple Choice Time draft. Sight draft. Trade acceptance. Banker's acceptance.
When a bank guarantees the payment of a commercial draft, the instrument is called a(n):
Multiple Choice
-
Time draft.
-
Sight draft.
-
Trade acceptance.
-
Banker's acceptance.
-
Open account.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Handbook Of Consumer Finance Research
Authors: Jing Jian Xiao
2nd Edition
3319288857, 978-3319288857
