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Tajin & Jain limited (T&J) has obtained a bankers acceptance from one of its customer...

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Accounting

Tajin & Jain limited (T&J) has obtained a bankers acceptance from one of its customer in Bangladesh. Why may such documents minimize the risk of doing business? Present the typical life cycle flow for the bankers' acceptance if T&J is represented by Bank of America, Bangladeshi Importer is represented by City Bank, and money market investor is represented by Citi Bank?

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