The First Owner of the Bankers' Acceptance Created from an International

question 59

True/False

The first owner of the bankers' acceptance created from an international trade transaction will be the importer, who receives the endorsed draft back after the bank has stamped it "accepted."

---

Definitions:

Roller Skates

Shoes or boots with four wheels arranged in a rectangular pattern, allowing the wearer to glide along surfaces for recreation or sport.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production including machinery.

Labor

The human effort, both physical and mental, used to produce goods and services.

Isocost Line

A chart displaying every possible input mix that can be acquired for an identical expense.