What Term Identifies a Bank's Promise to Pay a Foreign

question 198

Multiple Choice

What term identifies a bank's promise to pay a foreign business firm (e.g., German firm) a certain amount if the specified conditions are met?

• A) Bank loan
• B) Letter of credit
• C) Promissory note
• D) Deposit
• E) Electronic funds transfer

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Definitions:

Sexual Jealousy

A psychological state often arising from the perceived threat of losing a valued relationship to a rival.

Human Nature

Refers to the general psychological, physical, and behavioral traits that are considered inherent and universal in humans.

Jealousy

An emotion characterized by feelings of insecurity, fear, and concern over a relative lack of possessions or safety of one's rights or values, often in reference to a romantic interest.

Envy

A sense of dissatisfaction or envy towards someone else's benefits, achievements, or belongings.