Which of the Following Statements Is Not True

question 26

Multiple Choice

Which of the following statements is not true?

• A) Commercial drafts represent a way to obtain a credit commitment from a customer before the goods are delivered.
• B) When a trade acceptance is discounted in the secondary market it becomes a market acceptance.
• C) Sight drafts require immediate payment.
• D) Trade acceptances arise when a bank guarantees payment on a commercial draft.

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Definitions:

Federal

Pertaining to the central government of a country as opposed to local or state governments.

Legislation

The body of laws and regulations enacted by a government or legislative body to govern behavior and actions within a society.

Repetitive Strain Injuries

Physical injuries that result from overuse of particular parts of the body, often caused by repetitive tasks or poor ergonomics.

Ergonomic Principles

Guidelines designed to improve comfort, efficiency, and safety in the design of workplaces, tools, and tasks, by considering human physical and psychological capabilities and limitations.