Which One of the Following Statements Is Correct About Banker's

question 92

Multiple Choice

Which one of the following statements is correct about banker's acceptances?

• A) They are equivalent to a sight draft.
• B) They represent the norm for installment sales.
• C) The bank guarantees payment of the invoice.
• D) The bank retains title to the merchandise.

---

Definitions:

Preschool Teacher

An educator specializing in the early development of children, typically working with kids aged 3-5 in a preschool setting.

Categorical Self

The categorization of the self according to significant social distinctions, such as age, gender, or skills, that emerges in infancy.

Gender

Social and cultural constructs and roles associated with being male, female, or other identities, beyond biological differences.

Nationality

The status of belonging to a particular nation either by birth or naturalization, often associated with certain legal rights and obligations.