A primary use of the bankers acceptance is to:
A) Finance the purchase of internationally traded goods while those goods are in transit
B) Provide a mortgage
C) Provide a corporate loan
D) All of the above
E) None of the above

Question

Quizplus · Accepted Answer

Banker's acceptances are primarily used to finance the purchase of internationally traded goods while those goods are in transit, acting as a short-term financial instrument.

A Primary Use of the Bankers Acceptance Is To