Money-Market Instruments Created in the Course of International Trade to Guarantee

question 49

Multiple Choice

Money-market instruments created in the course of international trade to guarantee bank drafts are called

• A)revenue bonds.
• B)corporate stocks.
• C)bankers' acceptances.
• D)commercial paper.

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Definitions:

Operating Costs

Expenses associated with the normal business operations, including cost of goods sold and operational overhead.

Operating Cost

Expenses associated with the day-to-day functions of a business, including costs for rent, utilities, and payroll.

Useful Life

The estimated period over which an asset is expected to be usable for its intended purpose, affecting depreciation calculations.

Economic Value

A measure of the benefit provided by a good or service to an economic agent, often quantified in terms of willingness to pay or the added utility it offers.