econmics 1. THE CREATION OF A BANKERS ACCEPTANCE Acceptances arise most frequently in connection with supranational trade: U.S. imports and exports and trade among international countries.1 An American importer may request acceptance financing from its camber when, as is frequently the case in international trade, it does not have a close relationship with and cannot come up financing from the exporter it is dealing with. Once the importer and deposit have complete an acceptance agreement, in which the bank agrees to accept drafts for the importer and the importer agrees to repay some(prenominal) drafts the bank accepts, the importer draws a time draft on the bank.
The bank accepts The author, former(prenominal) assistant economist at the Federal oblige manger of Richmond, would like to thank Lawrence Aiken of the Federal Reserve Bank of sweet York, Walker Todd of the Federal Reserve Bank of Cleveland, and Tim fudge and posterior Walter of the Federal Reserve Bank of Richmond. The views expressed in this article are ...If you want to get a skilful essay, nightspot it on our website:
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