If a Bank Issuing a Letter of Credit Accepts the Time

question 12

Multiple Choice

If a bank issuing a letter of credit accepts the time draft that is issued in connection with the letter of credit,a _______________________ results.

• A)sight draft
• B)banker's acceptance
• C)bill of lading
• D)transfer of title

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Definitions:

Individualistic Cultures

Societies that emphasize personal goals, autonomy, and achievements over collective goals, leading to greater emphasis on individual identity.

Complex Emotion

Emotions that are comprised of various components such as cultural and personal experiences, and often involve a mix of primary emotions.

Basic Emotion

Fundamental emotions considered universal across human cultures, such as happiness, sadness, fear, anger, surprise, and disgust.

Envy

A feeling of discontent or covetousness with regard to another's advantages, success, or possessions.