​Consider a Bank That Acknowledges That It Will Make Payment

question 7

Multiple Choice

​Consider a bank that acknowledges that it will make payment on behalf of a computer importer after the bank receives documents showing that the computers have been shipped to the importer. This reflects:

• A) ​accounts receivable financing.
• B) ​forfaiting.
• C) ​factoring.
• D) ​a letter of credit.

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Definitions:

Crossing-Over

A process during meiosis where homologous chromosomes exchange genetic material, leading to new genetic combinations in offspring.

Genes

Units of heredity made up of DNA that code for the synthesis of proteins responsible for the organism's characteristics and functions.

Chromosome

A long DNA molecule with part or all of the genetic material of an organism.

Polygenic Inheritance

The inheritance of traits controlled by two or more genes, resulting in a wide range of phenotypes for certain characteristics.