An Exporter Has Just Received a Banker's Acceptance Created by an International

question 7

Multiple Choice

An exporter has just received a banker's acceptance created by an international transaction. If the banker's acceptance has a face value of $250,000, current rates on banker's acceptances are 6%, and the bank charges a commission of 1% per annum, how much will the exporter receive if he sells the acceptance in the secondary market six months prior to maturity?

• A) $250,000
• B) $244,000
• C) $242,500
• D) $241,250

Grasp the essential elements and techniques of professional talking.

Recognize the significance of effective listening in communication.

Comprehend the role and procedures of formal meetings and the importance of parliamentary procedure.

Identify the appropriate use of phone etiquette in professional communication.

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Definitions:

Sense of Commitment

A feeling of dedication or obligation towards someone or something, often involving personal investment and responsibility.

Being in Control

The feeling or state of having the power to influence or direct one’s environment or the outcomes in one's life.

Psychosomatic Diseases

Genuine physical ailments thought to be caused in part by stress and other psychological factors.

Heart and Lung

Vital organs in the human body where the heart pumps blood through the blood vessels and the lungs facilitate the exchange of oxygen and carbon dioxide.