When a Bank Purchases at a Discount from an Importer

question 79

Multiple Choice

When a bank purchases at a discount from an importer a series of promissory notes in favor of an exporter,this is called

• A)accounts receivable financing.
• B)asset backed commercial paper.
• C)discounting.
• D)forfeiting.

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Definitions:

Study Skills

Techniques and strategies that enhance an individual’s ability to learn effectively and efficiently.

Stanford-Binet

A standardized test that assesses intelligence and cognitive abilities in individuals, used widely in educational settings.

Normal Distribution

A symmetrical distribution with a majority of the cases falling in the middle of the possible range of scores and few scores appearing toward the extremes of the range.

WAIS-III

The Wechsler Adult Intelligence Scale-Third Edition, a tool used to assess the intelligence and cognitive ability of adults.