Which of the Following Is a Short-Term Promissory Note Issued

question 116

Multiple Choice

Which of the following is a short-term promissory note issued by a corporation, bearing the unconditional guarantee of a major bank?

• A) banker's paper
• B) commercial paper
• C) banker's acceptance
• D) commercial acceptance

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Definitions:

Price Rationing

The allocation of limited goods or services using prices, where higher prices curb demand to match the supply.

Focus Group

A small, diverse group of people whose reactions are studied to gauge the response to a specific product, service, or policy.

Total Revenue

The total amount of money received by a firm from selling goods or services before any costs or expenses are deducted.

Rent-Seeking Activity

Economic practices aimed at increasing one's share of existing wealth without creating new value, often through manipulation or exploitation of the political environment.