Which One of the Following Describes a Banker's Acceptance

question 18

Multiple Choice

Which one of the following describes a banker's acceptance?

• A)agreement to loan money in exchange for an agreement by the borrower to offer an asset as collateral
• B)written agreement to loan funds in the future once the loan terms have been accepted
• C)postdated check with payment guaranteed by a bank
• D)agreement by a bank to provide short-term funds for the construction phase of a project
• E)the sale of a security by a bank accompanied by an agreement to repurchase the security the following day

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Definitions:

Norms Conflict

A situation where established standards or behaviors within a group or society clash with those of another, leading to tension or disagreement.

Programmed Decisions

Decisions made in routine situations that follow established policies or procedures.

Employee Involvement

The inclusion of employees in decision making, problem solving, and policy formulation processes, aiming to increase job satisfaction and productivity.

Organizational Goals

The strategic objectives that a company or institution aims to achieve, which guide its operations and strategic planning.