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:

DSM-5

stands for Diagnostic and Statistical Manual of Mental Disorders, 5th Edition, a handbook used by healthcare professionals as the authoritative guide to diagnose mental disorders.

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating significantly from those accepted by the individual's culture.

Intelligence

The ability to learn, understand, and apply knowledge, solve problems, and adapt to new situations.

Social Interactions

Exchanges between two or more individuals, which can influence their behavior and mental states.