A Time Draft for Payment at a Future Date, Often

question 28

Multiple Choice

A time draft for payment at a future date, often used in international trade is known as:

• A) a reverse repurchase agreement.
• B) a repurchase agreement.
• C) a line of credit.
• D) a letter of credit.
• E) a bankers acceptance.

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Definitions:

Blood pH

A measure of the acidity or alkalinity of the blood, crucial for the body's proper functioning.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is absorbed by plants in photosynthesis.

Surface Tension

The elastic tendency of a fluid surface which makes it acquire the least surface area possible, due to intermolecular forces.

Adhesive Forces

Attractive forces between unlike substances, such as water molecules adhering to glass surfaces.