A Promise of Future Payment Issued by a Firm Guaranteed

question 89

Multiple Choice

A promise of future payment issued by a firm guaranteed by a bank is called a(n)

• A) bill of exchange.
• B) commercial letter of credit.
• C) banker's acceptance.
• D) documentary draft.

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Definitions:

Subreport

A report that is embedded as a component within a main report, often used to display related data or details in database reporting software.

Application Part

A modular component of an application that can be independently deployed, updated, or configured.

Template

A pre-designed layout or structure that serves as a starting point for creating a new document or project.

Linking

The act of connecting two or more objects, documents, or pieces of information, often through hyperlinks.