An Aval

question 17

Multiple Choice

An aval

• A) is a used only in open accounts.
• B) means funds are available.
• C) makes the presenting bank a co-signer of a draft.
• D) All of the above
• E) None of the above

---

Definitions:

Basic Assumptions

Fundamental beliefs that are accepted as true without proof, serving as the foundation for decision-making, planning, and strategy in a business or project.

Internal Adaptation

The process of adjusting internal procedures, structures, or policies of an organization to better achieve its goals.

Operational Rules

These are specific guidelines or procedures designed to guide the operations of an organization or system effectively.

Official Rules

The set of formal regulations and guidelines that govern a particular activity, organization, or event.