A ________ Represents an Unconditional Agreement by a Bank to Pay

question 109

Multiple Choice

A ________ represents an unconditional agreement by a bank to pay a specified amount at a particular time.

• A) certified trade acceptance
• B) banker's acceptance
• C) letter of credit
• D) guaranteed funds agreement

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Definitions:

1914

Marks the beginning of World War I, a significant global conflict that reshaped the world's political and economic landscape.

Civilizing Influence

The impact of a culture or civilization seen as more advanced or developed on another deemed less so, with the intention of reforming or improving it.

Hawaiian Crisis

A period of political and economic upheaval in the Kingdom of Hawaii during the late 19th century, leading to the overthrow of Queen Liliuokalani and the eventual annexation of Hawaii by the United States.