Where the Drawer and Acceptor Are Both Members of the Same

question 28

Multiple Choice

Where the drawer and acceptor are both members of the same group, which of the following statements is true:

• A)Bills held to maturity appear in group data as both a receivable and payable and are eliminated just like any other intra-group debt
• B)Bills discounted without recourse cease to be intra-group debts and ought not to be eliminated
• C)Bills discounted with recourse give rise to a contingent liability which should be eliminated
• D)All of the above

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Definitions:

Antibodies

Proteins produced by the immune system in response to foreign substances, known as antigens, to neutralize or destroy them.

Immune System

The body's defense system composed of organs, tissues, cells, and proteins that works together to protect the body against pathogens, including viruses, bacteria, and foreign bodies.

Immunization

The process by which a person is made immune or resistant to an infectious disease, typically by the administration of a vaccine.

Pertussis

Also known as whooping cough, a highly contagious bacterial infection of the respiratory tract characterized by severe coughing spells that can interfere with breathing.