A. banker acceptance
B. secured acceptance
C. unsecured acceptance
D. economic acceptance
✅ The correct answer is option A.
Drafts which are backed up by banks and are payable to seller of products or services are classified as banker acceptance. A banker’s acceptance requires the bank to pay the holder a set amount of money on a set date.
Drafts which are backed up by banks and are payable to seller of products or services are classified as banker acceptance. A banker’s acceptance requires the bank to pay the holder a set amount of money on a set date.