Acceptances
in example sentence
One of the new central bank’s first actions was to encourage the development of a market in trade
acceptances
.
More example sentences with word acceptances
The dollar originally acquired international currency status in the 1920’s, when the newly established Federal Reserve started buying and selling dollar acceptances, backstopping the market and enhancing its liquidity.
In particular, the US lacked a liquid market in trade acceptances, the instrument used to finance imports and exports.
It did so by using repurchase agrements to buy for its own account the majority of trade
acceptances
issued in New York.
And, with their growing participation, the market in trade
acceptances
became more liquid.
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