The drafts which are backed up by banks and are payable to seller of products or services are classified as Options: A . &nbspbanker acceptance B . &nbspsecured acceptance C . &nbspunsecured acceptance D . &nbspeconomic acceptance

The drafts which are backed up by banks and are payable to seller of products or

Question

The drafts which are backed up by banks and are payable to seller of products or services are classified as

Options:

A . banker acceptance

B . secured acceptance

C . unsecured acceptance

D . economic acceptance

Answer: Option A
Answer: (a).banker acceptance

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