Which of the Following Statements Is True

question 74

Multiple Choice

Which of the following statements is true?

• A)An FI that issues a documentary letter of credit to one of its customers implicitly believes that the customer's credit standing is not sufficiently high enough to engage in international transactions.
• B)An FI that issues a documentary letter of credit to one of its customers implicitly assumes the borrower's credit risk.
• C)An FI that issues a documentary letter of credit to one of its customers has created a contingent asset.
• D)None of the listed options are correct.

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Definitions:

Oncogenes

Genes that have the potential to cause a normal cell to become cancerous when mutated or expressed at high levels.

Oncogenic

Pertaining to, causing, or capable of causing the formation and growth of tumors.

Osteogenic

Pertaining to the formation of bone or having the ability to produce bone.

Biopsy

A medical test involving the extraction of sample tissue or cells from the body for examination to diagnose disease.