Time draft
Explain how does time draft become a banker’s acceptance?
Expert
When goods are shipped by exporter through common carrier, exporter’s bank presents the shipping documents and the time draft to importer’s bank. After taking title to goods through the bill of lading, the importer’s bank accepts the time draft, creating at this point a banker’s acceptance (B/A). B/A is a money market instrument for which a secondary market exists.
Explain some of the reasons why international foreign trade is difficult and risky from the perspective of exporter than is domestic trade.
Explain the term Responsibility Accounting and types of responsibility centres with example?
1 You're trying to save to buy a new $200,000 Ferrari. You have $40,000 today that can be invested at your bank. The bank pays 5.5 percent annual interest on its accounts. How long will it be before you have enough to buy the car? 2 Although appealing
Midterm Project The Midterm Project has two parts. First, using the fact pattern below, develop a list of five to eight goals for the law firm. A goal
What is the Historical Cost of Inventory?
Most of the organizations have established policies to remedy discrimination whenever hiring women and minorities. Discuss whether you feel that affirmative action programs, reverse discrimination, and criteria of comparable worth are suitable forms of remedy. You mus
In contrast to the U.S., Japan has observed constant current account surpluses. What would be the major reasons for such surpluses? Is it advantageous to have constant current account surpluses?
What are the drawback of Electronic Funds Transfer?
Distinguish between retail or client market and wholesale or interbank market for foreign exchange?
Specify the basic motivations for the counterparty to enter into the currency swap.
18,76,764
1946360 Asked
3,689
Active Tutors
1456671
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!