Drafts That Have Been Accepted by Banks Become

question 35

Multiple Choice

Drafts that have been accepted by banks become:

• A) clean drafts.
• B) nonmarketable.
• C) banker's acceptances.
• D) none of the above

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Definitions:

Probability Distribution

A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.

Event

An occurrence or happening at a specific place and time, often of significance.

Curve

A graphical representation of data points or a mathematical function on a plane, showing the relationship between two or more variables.

Normal Distribution

A chance distribution evenly balanced around the mean, revealing that instances close to the mean occur more frequently than those far from it.