Which of the Following Statements Is Correct About Banker's Acceptances

question 71

Multiple Choice

Which of the following statements is correct about banker's acceptances?

• A) They are equivalent to a sight draft.
• B) They represent the norm for installment sales.
• C) The bank guarantees payment of the invoice.
• D) The bank retains title to the merchandise.

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Definitions:

Visual Search

A task in which participants are asked to determine whether a specified target is present within a field of stimuli.

Array Items

Individual elements or values stored in an array, which is a data structure used to store collections of data in a programming context.

Induced Motion

A visual illusion in which the movement of one object causes a stationary object to appear as if it is moving.

Moving River

A natural flowing watercourse, moving from higher to lower elevation, typically emptying into a sea, lake, or another river.