_____________ Is a Promise of Future Payment Issued by a Firm

question 133

Multiple Choice

_____________ is a promise of future payment issued by a firm and guaranteed by a bank that is used to finance international trade with typical maturities ranging from one to six months.

• A) A negotiable certificate of deposit (NCD)
• B) A repurchase agreement
• C) Commercial paper
• D) A banker's acceptance

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Definitions:

Mourning

The process of expressing grief and sorrow for someone who has died.

Customary Outward Expression

A mode of expression or practice that is typical or expected within a specific culture or context.

Family Care Giving

The support and assistance provided by family members to each other, particularly in contexts involving health issues, disability, or ageing.

Adult Children

Adults who maintain significant emotional, financial, or support relationships with their parents.