Assume the Time from Acceptance to Maturity on a $2,000,000

question 51

Multiple Choice

Assume the time from acceptance to maturity on a $2,000,000 banker's acceptance is 90 days.Further assume that the importing bank's acceptance commission is 1.25 percent and that the market rate for 90-day B/As is 6.0 percent.Calculate the amount the exporter will receive if he discounts the B/A with the importer's bank.

• A)$1,993,750
• B)$1,999,375
• C)$1,963,750
• D)$1,009,375

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Definitions:

Sexual Reassignment

The medical and psychological process involving physical and often legal changes by which a person's sex or gender is changed to reflect their gender identity.

Gender Roles

The expectations and norms for behavior, roles, activities, and characteristics that society assigns to men and women based on social constructs.

Mass Media

Diverse forms of media technologies that reach a large audience via mass communication, including newspapers, television, and the internet.

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond with the sex they were assigned at birth.