When a Time Draft Is Drawn on and Accepted by a Bank,it

question 10

Multiple Choice

When a time draft is drawn on and accepted by a bank,it is called a:

• A)trade acceptance.
• B)banker's check.
• C)banker's acceptance.
• D)bill of lading.

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Definitions:

Acculturated

The condition of having adopted the cultural traits or social patterns of another group, often resulting from prolonged contact or living in a multicultural environment.

Americanized

The process of adopting or assimilating into American culture, often involving changes in lifestyle, values, or behaviors to align with those prevalent in the United States.

Traditional

Refers to the ideas, customs, and social behaviors that are passed down within a society from generation to generation.

Collectivism

A cultural value that emphasizes the importance of the group over the individual, prioritizing group goals and solidarity.