Which of the Following Statements Is Most Correct

question 125

Multiple Choice

Which of the following statements is most correct?

• A) Exporters may use sight or time drafts in billing foreign customers when they have confidence in the purchaser's ability and willingness to pay.
• B) A time draft becomes a banker's acceptance when the customer receives, signs, and returns the draft to the exporter.
• C) The currency rate is the rate at which a given unit of a foreign currency is quoted in terms of gold.
• D) All of the above statements are correct.

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Definitions:

Alertness

A state of active attention by which one is keen to perceive and respond to changes or stimuli in the environment.

Memory

The capability through which the brain retains and recalls data.

Authoritative

A leadership style characterized by high expectations and support, balancing firm direction with responsiveness to needs.

High Standards

Expectations or requirements that are significantly above average, often challenging to meet or maintain.