Which of the Following Is a Document Used to Give

question 20

Multiple Choice

Which of the following is a document used to give the title of the products to a bank?

• A) bill of lading
• B) letter of credit
• C) draft
• D) promissory note

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Definitions:

Capital Account

A national account that shows the net change in asset ownership for a country. It includes foreign investments and loans.

Financial Account

A component of the balance of payments that records transactions of financial assets between residents of one country and the rest of the world.

Exchange Rate

The price of one currency in terms of another, allowing for the conversion of monetary values between countries.

Demand for Currency

The desire or need for holding cash as opposed to other forms of wealth or assets.