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Question 22 1 pts Which of the following money market securities act like post-dated checks in that the seller of a product i
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Answer #1

The correct answer is banker's acceptance.

The Banker's acceptance refers to as bill of exchange works like a post dated check. The company issue a document which states the money they have to pay and it is secured by bank's guarantee. These bill of exchnage is short term money instruments which are highly liquid and can be traded in the secondary market. It is considered as the safer form of option as it carries negligible risk because the worthiness lies with the banking institution rather than the company.

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