Which of the Following Money Market Investments Is a Draft

question 67

Multiple Choice

Which of the following money market investments is a draft written by the borrower and guaranteed by the bank on which the draft is drawn? It is typically used in international trade transactions. The borrower is an importer who writes the draft in payment for goods.

• A) Treasury bills
• B) repurchase agreement
• C) certificates of deposit
• D) banker's acceptance
• E) commercial paper

---

Definitions:

Sensory Input

The information received by sensory receptors about the internal and external environment.

Top-down Processing

An approach to processing information where perception starts with the analysis of high-level cognitive processes.

Experiences and Expectations

The subjective perception of events that have happened in one's life and the anticipation or belief about future events respectively.

Detection

The process of discovering and identifying the presence of a stimulus, indicating how and when we perceive physical stimuli from the environment.