Which One of the Following Describes a Banker's Acceptance

question 18

Multiple Choice

Which one of the following describes a banker's acceptance?

• A)agreement to loan money in exchange for an agreement by the borrower to offer an asset as collateral
• B)written agreement to loan funds in the future once the loan terms have been accepted
• C)postdated check with payment guaranteed by a bank
• D)agreement by a bank to provide short-term funds for the construction phase of a project
• E)the sale of a security by a bank accompanied by an agreement to repurchase the security the following day

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Definitions:

Sharing Wealth

The act of distributing financial resources or assets among a wider group, often to reduce inequality.

Anger

A strong feeling of annoyance, displeasure, or hostility.

Native Clients

Refers to customers or clients who are indigenous or original inhabitants of a particular region, especially in the context of providing services that are culturally sensitive.

Constructively Handle

To deal with a situation or problem in a positive and effective manner that leads to beneficial outcomes.