Standby Letters of Credit

question 82

Multiple Choice

Standby letters of credit

• A)are a form of swaps.
• B)are a promise by a bank to lend the borrower funds to pay off its maturing commercial paper.
• C)are a promise by a large depositor to provide additional funds to a bank should the bank face an unexpectedly large deposit outflow.
• D)represent the unused balance on a bank credit card.

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Definitions:

Restraining Forces

Factors that hinder or limit the process of change within an organization or individual's behavior.

Changed Behaviors

Modifications or adjustments in one's actions or reactions as a result of experiences or interventions.

Lewin's Change Model

A theoretical model for understanding organizational or personal change, involving three stages: unfreezing, changing, and refreezing.

Moving

Moving involves changing one's place of residence or location, often involving packing, transportation, and adjustment to a new environment.