Instruction 20

question 11

Multiple Choice

Instruction 20.1: Use the information to answer the following question(s) .
Cypress Systems Inc., of Florida, agrees to sell specialized hydroponic growing equipment to Landcaster's of Australia. Because the two companies have never done business with each other, Cypress requires a banker's acceptance as payment for the $1,000,000 order. The banker's acceptance carries a 1.4% commission per annum and payment is to be received in 6 months. If Cypress Inc. chooses to discount or sell the bankers acceptance to its bank, the discount rate is 1.00% per annum.
-Refer to Instruction 20.1. ________ is an unsecured promissory note.

• A)A banker's acceptance
• B)An overdraft
• C)A securitized loan
• D)Commercial paper

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Definitions:

Indicated

To show, point out, or make clear in a specific context. The term is general and not strictly a programming key term unless used in specific contexts like "indicated errors."

For Loop

A control flow statement for specifying iteration, allowing code to be executed repeatedly based on a boolean condition.

Enhanced Loop

A simplified form of a loop that allows for easy iteration over collections and arrays in programming languages like Java, often referred to as the "for-each" loop.

Java Statements

Instructional lines in Java that direct the program to perform particular actions.