When a Time Draft Is Presented to a Drawee,he or She

question 56

Multiple Choice

When a time draft is presented to a drawee,he or she signifies acceptance of it by

• A)delivering the goods immediately.
• B)paying the draft amount immediately.
• C)providing a collateral for the amount specified in the bill.
• D)writing or stamping a notice of acceptance on its face.
• E)selling the draft to an investor at a discount from its face value.

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Definitions:

Null Hypothesis

A hypothesis that assumes no significant difference or effect in an experimental setup, used as a default until evidence indicates otherwise.

Hypothesis Testing

A method of statistical inference used to decide whether a hypothesis about a parameter in a population is likely to be true.

Interval Estimation

A scope of values, from collected sample data, that is likely to embody the value of an unexplored population parameter.

Confidence Interval

A range of values, derived from the sample statistics, within which there is a specified level of confidence where the true parameter lies.