Which of the Following Statements Is Correct

question 48

Multiple Choice

Which of the following statements is correct?

• A) A bank bill is a negotiable instrument.
• B) A bank-accepted bill is regarded by market participants as equivalent to a bank-endorsed bill.
• C) The issuer of the bank-accepted bill will repay the holder of the bill directly at maturity.
• D) The issuer of a bank-endorsed bill has to pay regular interest payments to the holder, unlike with a bank-accepted bill.

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Definitions:

Slave Labor

The forced labor of people treated as property (slaves), commonly used without pay and under threat of violence.

Egalitarian Value System

A belief system that emphasizes equality, advocating for equal rights and opportunities for all individuals, regardless of their background or status.

Devaluing Free Labor

The process by which the economic and social value of work done voluntarily or without wage compensation is diminished.

Cotton Boom

A period of rapid expansion in the cotton industry marked by increased production in the southern United States, largely fueled by slave labor, in the 19th century.