A Banker's Acceptance Is a Draft Drawn on a Specific

question 90

True/False

A banker's acceptance is a draft drawn on a specific bank by an exporter in order to obtain payment for goods that he has shipped to a customer who maintains an account with that specific bank.

---

Definitions:

Temperate Rain Forest

A biome located in temperate regions characterized by consistent rainfall throughout the year, resulting in lush, dense forests with a diverse array of plant and animal life.

Coniferous Forest

A type of biome characterized by evergreen trees that have needles and produce cones, typically found in northern latitudes.

West Coast

A term often used to refer to the western coastal areas of a continent, particularly the western coast of the United States.

Subsoil

The layer of soil lying immediately under the topsoil, often richer in minerals but poorer in organic material, and critical for water drainage and aeration.