Asked by
long live Wiley
on Oct 20, 2024
Verified
Which of the following is used to back international sales of goods and services?
A) certificate of deposit
B) bankers' acceptance
C) eurodollar deposits
D) commercial paper
International Sales
Revenue generated from the sale of products or services outside of the company's home country.
Bankers' Acceptance
A short-term debt instrument issued by a company but guaranteed by a bank, often used in international trade.
Certificate of Deposit
A savings certificate with a fixed maturity date and specified fixed interest rate, issued by banks to individuals investing money for a fixed period of time.
- Attain an understanding of the function and importance of money market instruments in the context of financial markets.
Verified Answer
SG
Learning Objectives
- Attain an understanding of the function and importance of money market instruments in the context of financial markets.