Which of the Following Statements Regarding "Bankers' Acceptances" Is True

question 16

Multiple Choice

Which of the following statements regarding "bankers' acceptances" is true?
I.Bankers' acceptances are used in overseas trading.
II.Bankers' acceptances are bought and sold on a discount basis.
III.Bankers' acceptances are guaranteed by the bank.

• A)I only
• B)II only
• C)III only
• D)I, II, and III

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Definitions:

Managerial Activities

Tasks and responsibilities undertaken by managers, including planning, organizing, leading, and controlling an organization's resources.

Luthans

Refers to Fred Luthans, a notable figure in organizational behavior studies known for his work on positive psychology in the workplace.

Interacting

The process of communicating or engaging in activities with others to exchange information or develop professional or social contacts.

Socializing

Engaging in interactions and activities with others for the purpose of building relationships, networking, or leisure.