Few Turnkey Projects to Date Have Been in Remote Areas

question 50

True/False

Few turnkey projects to date have been in remote areas of the world.

---

Definitions:

Bank Guarantees

Bank guarantees are assurances provided by a bank on behalf of a client to guarantee the fulfillment of financial obligations to third parties.

Commercial Draft

A written order from one party to another, directing the payment of a specified sum of money to a third party, often used in trade.

Banker's Acceptance

A short-term debt instrument issued by a company but guaranteed by a bank, commonly used in international trade.

Trade Acceptance

A written promise or a draft by one party, the seller, to another, the buyer, to pay a specified sum of money at a future date.