2. 外语
  3. Bankers’ acceptances often arise in foreign trade. A business buying goods from abroad where it is not well known and does not h

Bankers’ acceptances often arise in foreign trade. A business buying goods from abroad where it is not well known and does not h

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问题     Bankers’ acceptances often arise in foreign trade. A business buying goods from abroad where it is not well known and does not have other credit arrangements will first obtain a letter of credit from its own bank. The letter will authorize the foreign seller to draw a draft on the company’s bank. It can be made payable on sight, that is, upon presentation, payable upon arrival of merchandise, or payable in a fixed number of days. A draft can be made payable in, say, 30 days after it is presented to the bank against which it is drawn. This draft can be discounted at the seller’s bank so that the seller receives immediate payment. If this is done, the draft can be sent through correspondent banks back to the domestic bank against which it is drawn. The domestic bank can buy the draft, a short-term loan agreement to be paid by the company buying the goods abroad. This action would tie up bank funds. Alternatively, the bank can stamp the draft "accepted" with the appropriate signature, thereby indicating that the bank guarantees the draft, and then sell it in the secondary market.  
What gives rise to the bankers’ acceptances?
选项 A、The money markets.
B、The banks.
C、The international trade.
D、The buying and selling of goods.
答案C
解析 文中第一句话明确指出Bankers’ acceptances often arise in foreign trade, arise起因于，give rise to引起。foreign trade和题中的international trade都指国际贸易或者对外贸易。
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