Explain the role that letters of credit and bankers acceptances play in international transactions. Is a banker's

Question:

Explain the role that letters of credit and banker’s acceptances play in international transactions. Is a banker's acceptance a sight draft?Why or why not?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Institutions, Markets and Money

ISBN: 978-1119330363

12th edition

Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias

See More Books

Question Posted: Sep 28, 2018 02:40 PM

See More Questions

Explain the role that the Federal Reserve played in providing loans to financial institutions during the financial crisis of 2007 2010.
Explain the role that family members might have within the consumer buying decision-making process.
Explain the role that direct marketing can play in the IMC program. Can direct marketing be used for anything other than a behavioral response? If so, give examples.
Jackson Corporation has borrowed $2 million from a local bank under a long-term debt agreement whereby the loan has to be repaid in two years' time. The agreement was violated and the debt became...
Explain how the Fed influences the monthly mortgage payments on homes. How might the Fed indirectly influence the total demand for homes by consumers?
The Huber Batting Company manufactures wood baseball bats. Hubers two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and...
Suppose there are only 3 rating categories: A, B, D. Their one-year transition probabilities are given by the following matrix. Construct the transition probability matrix for two years. Ending...
Connie Dell just won a lottery and received a cash award of $900,000 net of tax. She is 61 years old and would like to retire in four years. Weighing this important fact, she has found two possible...
You invest $3,000 into the S&P 500 stock index for 30 years and earn an 8% compound annual interest rate. Using the following formula FV = PV (1+r) n how much will you have in 30 years?
In a double-blind study, researchers tested whether small doses of caffeine would improve highly trained male cyclists times in a hot environment (95F, 25% humidity). The individuals were 9 highly...
The newly industrializing countries (NIC) of the Far East such as Korea, Taiwan, and Hong Kong have dramatically increased their merchandise exports during the 1980s. Based on what you know about the...
Why do domestic governments often try to limit domestic flows of funds abroad for investment in foreign countries? How did such limitations in the United States contribute to the development of the...
Instead of a constructor, an applet class uses what method?
Explain allocation base. How does it function as a cost driver?
Briefly explain the job order costing system.
How do overhead costs flow through the job order costing before the period?
Briefly explain the process costing system.
What happens to the debit and credit column when the costs of sold jobs are transferred from finished goods inventory to cost of goods sold?
Given A in a deformation y = Ax, find the principal directions and corresponding factors of extension or contraction. Show the details. [2.0 0.4] 2.0] [0.4
What are the before image (BFIM) and after image (AFIM) of a data item? What is the difference between in-place updating and shadowing, with respect to their handling of BFIM and AFIM?
Explain how the credit crisis in the 2008-2009 period affected some savings institutions. Compare the causes of the credit crisis to the causes of the savings institution crisis in the late 1980s.
Explain how the credit crisis in the 2008-2009 period affected some savings institutions. Compare the causes of the credit crisis to the causes of the savings institution crisis in the late 1980s.
Explain how the credit crisis in the 2008-2009 period affected some savings institutions. Compare the causes of the credit crisis to the causes of the savings institution crisis in the late 1980s.
www The sugar cane industry is a big industry on Hawaii. Raw sugar cane is first cut from the fields, then chopped and shredded. The raw cane contains 15 wt% sucrose, 25 wt% solids, and water, along...
Keri, in forming a new corporation, transfers land to the corporation in exchange for 100 percent of the stock of the corporation. Keri's basis in the land is $295,000, and the corporation assumes a...
What does a manager who subscribes to Theory X believes ? Explain thoroughly.

Explain the role that letters of credit and bankers acceptances play in international transactions. Is a banker's

Question:

Step by Step Answer:

Letters of credit and bankers acceptances allow a merchant to obt...View the full answer

Financial Institutions, Markets and Money

Students also viewed these Business questions