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A Canadian apple farmer buys fertilizer from a U.S. based firm located near the Canadian border. The apple farmer receives a guarantee of payment from a Canadian bank and sells the guarantee in the secondary market. The risk of the banker’s acceptance depends most likely on the:

a. Apple farmer.
b. U.S. fertilizer firm.
c. Canadian bank.
d. Apple market

User Choover
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1 Answer

5 votes

Answer:

C

Step-by-step explanation:

User G SriHAri
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