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:

Independent Samples

Samples drawn from two populations in such a way that the selection of a sample from one population does not influence the selection of a sample from the other population.

Standard Error

A statistical measure that estimates the accuracy of a sample mean by describing the dispersion of sample means around the population mean.

Sample Mean Difference

The difference between the mean values of two samples drawn from the same or different populations.

Population Means

The average value of a particular characteristic in the entire population.