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Author Question: How does a time draft become a banker's acceptance? What will be an ideal ... (Read 46 times)

ishan

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on: Jul 7, 2018
How does a time draft become a banker's acceptance?
 
  What will be an ideal response?

Question 2

The transmittal of technology from one country to another is known as technology ________.
 
  A) repatriation
  B) transfer
  C) drain
  D) piracy


mfedorka

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Reply #1 on: Jul 7, 2018
Answer to Question 1

A time draft becomes a banker's acceptance when the importer's bank also accepts the time draft, for a fee, and thereby adds its own obligation to pay the draft to the importer's obligation.

Answer to Question 2

B


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