The firm's promise to pay and is backed or guaranteed by bank is classified as Options: A . &nbspcustomer's acceptance B . &nbspbanker's acceptance C . &nbspfederal acceptance D . &nbsptreasury acceptance

The firm's promise to pay and is backed or guaranteed by bank is classified

Question

The firm's promise to pay and is backed or guaranteed by bank is classified as

Options:

A . customer's acceptance

B . banker's acceptance

C . federal acceptance

D . treasury acceptance

Answer: Option B
Answer: (b).banker's acceptance

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