How is a trade acceptance created? Whose liability is it? Can it be sold in the international

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How is a trade acceptance created? Whose liability is it? Can it be sold in the international money market?

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International Financial Management

ISBN: 978-0132162760

2nd edition

Authors: Geert Bekaert, Robert J. Hodrick

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Question Posted: May 28, 2012 02:34 AM

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How is a trade acceptance created? Whose liability is it? Can it be sold in the international

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By accepting a time draft the importer acknowledges his legal obligation to pay the face amount of t...View the full answer

International Financial Management

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