For Which One of the Following Instruments Does a Bank

question 67

Multiple Choice

For which one of the following instruments does a bank guarantee payment by the buyer?

• A)Money market preferred stock
• B)Commercial paper
• C)Banker's acceptance
• D)Invoice
• E)Time draft

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Definitions:

Defame

To defame is to damage someone's reputation by making false and harmful statements or publications about them.

Promotion

The act of raising someone to a higher position or rank, or the process of advertising a product, event, or service to increase sales or public awareness.

Public Policy

Government policies developed to address issues of public concern, influenced by the public's values and goals.

Exculpatory Clause

A clause in a contract that exempts a party from responsibility for any damages that occur while the contract is being carried out.