Which of the Following Is Not True Regarding a Banker's

question 19

Multiple Choice

Which of the following is not true regarding a banker's acceptance?

• A) It can be beneficial to the exporter, as he does not have to worry about the credit risk of the importer.
• B) It can be beneficial to the importer, as he may have greater access to foreign markets when purchasing supplies.
• C) It can be beneficial to the bank accepting the draft in that it earns a commission for creating an acceptance.
• D) It is a sight draft.
• E) All of the above are true.

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Definitions:

Highlighting Experiences

The process of emphasizing certain aspects of one's personal or professional background that are deemed most relevant or impressive.

Résumé

A document used by a person to present their backgrounds, skills, and accomplishments, primarily used for job applications.

Classified Advertisement

A short ad placed in a newspaper, online platform, or other publication, often categorized by topic, such as selling items, job postings, or services offered.

Prospective Employer

An individual or organization considering the hiring of a new employee, often in the process of reviewing applications and conducting interviews.