Which of the Following Statements Regarding "Bankers' Acceptances" Is True

question 15

Multiple Choice

Which of the following statements regarding "bankers' acceptances" is true?

• A)Bankers' acceptances are used in overseas trading.
• B)Bankers' acceptances are bought and sold on a discount basis.
• C)Bankers' acceptances are guaranteed by the bank.
• D)Bankers' acceptances are used in overseas trading, bankers' acceptances are bought and sold on a discount basis, and bankers' acceptances are guaranteed by the bank.

---

Definitions:

Entire Budget

The total estimated expenditure of an individual, organization, or government for a defined period.

Utility Maximizing

A principle in economics where individuals or firms aim to achieve the highest level of satisfaction or profit from their consumption or production decisions, subject to their resources and constraints.

Marginal Utility

The additional satisfaction or utility gained by consuming an additional unit of a good or service.

Indifference Curve

A graphical representation in microeconomic theory of all combinations of goods that provide a consumer with the same level of satisfaction, indicating their preferences.