The Lowest Quotation on Foreign Exchange Is Given For

question 85

Multiple Choice

The lowest quotation on foreign exchange is given for:

• A)cable rates
• B)banker's time drafts
• C)banker's sight drafts
• D)banker's acceptance

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Definitions:

Credibility

The quality of being trusted and believed in, often resulting from a demonstrated record of reliability and integrity.

Reciprocity

Reciprocity is a social norm that involves mutual exchange, where actions or benefits provided by one party are returned by another.

ACE Model

A conceptual framework focusing on Awareness, Commitment, and Execution, used in various contexts to improve performance and outcomes.

Effectiveness

The degree to which objectives are achieved, reflecting the capability of producing a desired result.