A(n) ____ May Not Be Withdrawn

question 108

Multiple Choice

A(n) ____ may not be withdrawn.

• A) nonbinding letter of credit
• B) revocable letter of credit
• C) conditional letter of credit
• D) unconditional letter of credit
• E) none of the other specific choices are correct

---

Definitions:

Government Purchases

Expenditures by the government sector on final goods and services in a given period.

Resources

Assets or inputs used in the production of goods and services, such as land, labor, capital, and entrepreneurship.

Federal Government's Tax Revenues

The income received by the federal government from taxes which can include income taxes, corporate taxes, and other kinds of taxes.

Personal Income Taxes

These taxes are levied on individuals' income by governments, including wages, dividends, and interest earnings.