Final answer:
A bankers acceptance is the negotiable time draft in question, facilitating foreign trade by guaranteeing payment for goods via a bank's agreement to pay a specified sum in the future. The correct option is (b).
Step-by-step explanation:
The investment that is a negotiable time draft drawn to facilitate foreign trade by financing the export, import, domestic shipment, or storage of goods is a Bankers Acceptance.
A bankers acceptance is created as a result of a commercial transaction, particularly in international trade. It is an agreement by a bank to pay a sum of money at a future date, typically within six months at most. This financial instrument is used to guarantee payment for goods in both domestic and international transactions, acting as a sort of promissory note, backed by the bank.