The Time from Acceptance to Maturity on a Banker's Acceptance

question 10

Essay

The time from acceptance to maturity on a banker's acceptance (B/A)is 90 days,the importing bank's acceptance commission is 1 percent and the B/A's discounted value at the time of acceptance is $1,000,000.If the 90-day B/A rates are 5%,determine the amount the exporter will receive if he holds the B/A until maturity.

Understand libertarian views on equal opportunities versus equal outcomes and their policy implications.

Understand the concept of income distribution and poverty rate.

Analyze income inequality trends in the United States over different years.

Calculate poverty rates based on given income distribution data.

---

Definitions:

Emergent Leader

An individual who naturally comes to be recognized as a leader by peers within a group due to their actions, decisions, and influence rather than formal appointment.

Legitimate Leader

An individual who holds a leadership position that is recognized and accepted by followers as rightful and lawful based on established rules or standards.

Assigned Leader

A person who is officially designated to hold a leadership position within an organization, often based on authority and responsibility given by the organization's hierarchy.

Coercive Leader

A leadership style characterized by the use of threats, punishment, and control to influence the behavior of followers.