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Question
Which one of the following describes a banker's acceptance?A. agreement to loan money in exchange for an agreement by the borrower to offer an asset as collateral
B. written agreement to loan funds in the future once the loan terms have been accepted
C. postdated check with payment guaranteed by a bank
D. agreement by a bank to provide short-term funds for the construction phase of a project
E. the sale of a security by a bank accompanied by an agreement to repurchase the security the following day
Answer
This answer is hidden. It contains 16 characters.
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Q:
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