Which of the Following Statements Is Not True

question 22

Multiple Choice

Which of the following statements is not true?

• A) Commercial drafts represent a way to obtain a credit commitment from a customer before the goods are delivered.
• B) When a banker's acceptance is discounted in the secondary market it becomes a commercial note.
• C) Sight drafts require immediate payment.
• D) Banker's acceptances arise when a bank guarantees payment on a commercial draft.
• E) Both Commercial drafts represent a way to obtain a credit commitment from a customer before the goods are delivered; and Sight drafts require immediate payment.

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Definitions:

Typology

The study and classification of things according to their characteristics or types.

System Scope

The boundary that defines the extent of a system, including its components and functionalities, distinguishing it from other systems.

Array Projects

A series of projects or tasks that are organized and managed in parallel or sequentially to achieve a common objective.

Interactive Systems

Systems designed to respond to inputs or actions from users, facilitating two-way communication and engagement.