A Written Order for a Bank to Pay a Third

question 70

Multiple Choice

A written order for a bank to pay a third party a stated amount of money on a specific date is referred to as a

• A) letter of credit.
• B) banker's acceptance.
• C) check.
• D) line of credit.
• E) dividend.

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Definitions:

Online Assessment

Evaluation or testing conducted over the internet to measure skills, knowledge, aptitudes, or qualifications.

Valid Predictors

Assessment tools or indicators that accurately forecast future performance or outcomes.

Cheating

The act of acting dishonestly or unfairly in order to gain an advantage, especially in academic settings or competitive situations.

Tax Bites

Informal term referring to the impact or amount of taxes taken from one's income or profits.