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CTP · Question #565

(Topic 6) A banker's acceptance can be described as all of the following EXCEPT:

The correct answer is A. a sight draft. See the full explanation below for the reasoning.

Question

(Topic 6)

A banker's acceptance can be described as all of the following EXCEPT:

Options

Aa sight draft.
Ba discount instrument.
Ca liability of the accepting bank.
Dan easily marketable instrument.

How the community answered

(24 responses)

A
75% (18)
B
8% (2)
C
13% (3)
D
4% (1)

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