Which of the Following Statements Is Correct About Banker's Acceptances

question 71

Multiple Choice

Which of the following statements is correct about banker's acceptances?

• A) They are equivalent to a sight draft.
• B) They represent the norm for installment sales.
• C) The bank guarantees payment of the invoice.
• D) The bank retains title to the merchandise.

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Definitions:

7-Point Scale

A type of rating scale with seven options, often used in surveys to measure attitudes or responses.

Sexual Orientation

A person's pattern of emotional, romantic, or sexual attraction to others, categorized by the genders to which one is attracted.

Homophobia

Prejudice or discrimination against individuals who are homosexual or perceived to be homosexual.

Disparaging Remarks

Negative comments made to or about someone, often insulting or criticizing them in a disrespectful manner.