Question

Put the following steps of the creation of a banker's acceptance in order.
I. Shipping documents delivered
II. Letter of credit is issued
III. Bankers' acceptance presented at maturity
IV. Goods are shipped
a. I, IV, II, III
b. II, IV, III, I
c. II, IV, I, III
d. I, IV, III, II
e. I, II, III, IV

Answer

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