Which of the following are not correct concerning Bankers Acceptances?

1.Bankers Acceptances have similar tax treatment to non-negotiable CDs.

2.Bankers Acceptances have similar tax treatment to Jumbo CDs.

3.The issuing bank is responsible for the credit risk in a related foreign commerce transaction.

4.Bankers Acceptances are traded in multiples of $100,000.

5.Bankers Acceptances are typically used in connection with foreign commerce.

a.1, 2 and 4.

b. 1, 3 and 5.

c. 1 and 4 only.

d. 2 and 4 only.