A banker’s acceptance is a draft drawn on a specific bank by an exporter in order to obtain payment for goods that he has shipped to a customer who maintains an account with that specific bank.

888 views
0

A banker’s acceptance is a draft drawn on a specific bank by an exporter in order to obtain payment for goods that he has shipped to a customer who maintains an account with that specific bank.

Darshita Changed status to publish August 13, 2020
0

Answer: True

A banker’s acceptance is a draft drawn on a specific bank by an exporter in order to obtain payment for goods that he has shipped to a customer who maintains an account with that specific bank is true.

Darshita Changed status to publish August 13, 2020

Contact us today

Ask for our academic services

Copyright SmartStudyHelp 2016. All Rights Reserved