_____________ 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:

State Action

Activities or actions carried out by government officials or entities, which are subject to constitutional protections against discrimination or infringement of rights.

Governmental Action

Any action taken by a government body, which can include legislation, regulation, or executive orders.

U.S. Constitution

The foundational legal document of the United States, establishing the framework of the federal government and the rights of individuals.

Bioprospecting

Occurs when companies search in poor or indigenous areas for new biological entities that they can exploit.