_____________ Is a Promise of Future Payment Issued by a Firm

question 17

Multiple Choice

_____________ is a promise of future payment issued by a firm and guaranteed by a bank that is used to finance international trade with typical maturities ranging from one to six months.

• A)A negotiable certificate of deposit (NCD)
• B)A repurchase agreement
• C)Commercial paper
• D)A banker's acceptance
• E)none of the above

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Definitions:

Customer Needs

The requirements or desires of consumers that a company aims to fulfill with its products or services.

Functional Excellence

Superior performance and efficiency in specific business functions, such as marketing, operations, or finance.

Different Departments

Various specialized units within an organization or government that handle specific tasks or areas of responsibility.

Joint Venture

A strategic alliance between two or more parties to undertake economic activity together.