Which of the Following Terms Represents a Promise by the Bank

question 31

Multiple Choice

Which of the following terms represents a promise by the bank to pay a firm on behalf of another firm,if specified conditions are met?

• A) Banker's acceptance
• B) Bank trust service
• C) Certified check
• D) Letter of credit
• E) Currency exchange agreement

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Definitions:

Chartres Cathedral

A pivotal Gothic cathedral located in Chartres, France, renowned for its architectural innovations and extensive collection of medieval stained glass.

Episodes

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Strong and barely controllable emotion or an intense desire or enthusiasm for something.

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The first part of the Christian biblical canon, encompassing the religious writings of ancient Israel, viewed as sacred scripture by the Christian church.