A 'Commitment' by a Bank Is

question 51

Multiple Choice

A 'commitment' by a bank is:

• A) a form of swap.
• B) a promise by a large depositor to provide extra funds to the bank.
• C) the unused balance on a bank credit card.
• D) an undertaking to advance funds or to acquire an asset in the future.

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Definitions:

Carter Administration

Refers to the presidency of James Earl Carter, Jr., the 39th President of the United States, who served from 1977 to 1981, known for his commitments to human rights and energy conservation.

Foreign Policy

The strategies and decisions made by a country in relating to, interacting with, and managing affairs with other countries.

Islamic Orthodoxy

The adherence to the accepted doctrines and practices of Islam, following traditional beliefs and rituals.

Middle East

A region that encompasses Western Asia and Egypt, known for its strategic geopolitical significance and diverse cultures.