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Drafts which are backed up by banks and are payable to...

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International Finance and Treasury
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Drafts which are backed up by banks and are payable to seller of products or services are classified as

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Correct Answer: 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.
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