A banker's acceptance is
A) used to finance goods that have not yet been transferred from the seller to the buyer.
B) an order to pay a specified amount of money to the bearer on a given date.
C) a relatively new money market security that arose in the 1960s as international trade expanded.
D) all of the above.
E) only A and B of the above.
E
Business
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A) hot money B) patient money C) key money D) fiat money
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________ are not-for-profit, member-owned cooperatives that offer deposit accounts and lending services to consumers and small businesses
A) Loan associations B) Retail banks C) Credit unions D) Thrift banks E) Merchant banks
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