When a Time Draft Is Drawn on and Accepted by a Bank

question 40

Multiple Choice

When a time draft is drawn on and accepted by a bank, it is known as a

• A) trade acceptance.
• B) banker's check.
• C) banker's acceptance.
• D) bill of lading.
• E) letter of credit.

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Definitions:

Health Care Services

Professional services provided by medical practitioners and healthcare institutions aimed at maintaining, improving, or managing human health.

Life Expectancy

The average number of years that a person can expect to live, based on current mortality rates.

Health Care System

An organized framework that delivers medical care services to populations, including hospitals, clinics, and healthcare providers.

Properly Trained

Describes individuals who have received appropriate and thorough instruction or education in a specific field or skill.