Which of the Following Statements Is false regarding a Credit

question 71

Multiple Choice

Which of the following statements is false regarding a credit memorandum?

• A) A credit memorandum is added to the balance per the company's books
• B) A credit memorandum could be issued for interest earned on checking balances
• C) A credit memorandum is issued when the bank collects a note for the customer.
• D) A credit memorandum is subtracted from the balance per the company's books.

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Definitions:

Opening Stance

Refers to the initial position or perspective one adopts before entering into a discussion, negotiation, or debate.

First Price

A type of auction format in which bids are submitted simultaneously, and the highest bidder pays their bid price to receive the item.

Chicken Tactic

A negotiation strategy where one party adopts a dangerous or risky position in the hope that the opposing party will yield or concede first.

Bluff

A strategy in negotiations or games where one pretends to have a stronger position or intent than is actually true.