Which of the Following Is an Attribute of a Banker's

question 78

Multiple Choice

Which of the following is an attribute of a banker's acceptance?

• A) It is an unsecured note of issuer with large denominations.
• B) It has a maturity of 1 day to 3 years.
• C) Its risk and return is higher than U.S. Treasury issues.
• D) It is issued by a corporation with a high credit standing.

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Definitions:

Surplus

An excess amount of a commodity or service, exceeding what is normally utilized or required.

Government

The governing body of a nation, state, or community responsible for leadership, policy making, and administration.

Ethanol Program

A governmental policy initiative aimed at promoting the use of ethanol as a biofuel, to reduce dependency on fossil fuels and decrease greenhouse gas emissions.

Imported Ethanol

Ethanol fuel sourced from foreign countries, used primarily as a biofuel additive for gasoline.