A Promise of Future Payment Issued by a Firm Guaranteed

question 89

Multiple Choice

A promise of future payment issued by a firm guaranteed by a bank is called a(n)

• A) bill of exchange.
• B) commercial letter of credit.
• C) banker's acceptance.
• D) documentary draft.

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Definitions:

Eusthenopteron

An extinct prehistoric fish known for its significance in the study of vertebrate evolution, especially the transition from water to land animals.

Wrist Bones

A collection of eight small bones called carpal bones that support the structure and motion of the wrist.

Homoplasious

A term similar to homoplasic, describing characteristics that arise independently in different lineages, not from a common ancestor.

Ponerinae

A subfamily of ants within the family Formicidae, known for their diverse range of behaviors and ecological roles.