What Term Identifies a Bank's Promise to Pay a Specified

question 21

Multiple Choice

What term identifies a bank's promise to pay a specified amount of money at a future date?

• A) Bankers' acceptance
• B) Electronic funds transfer
• C) Promissory note
• D) Bank loan
• E) Letter of credit

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Definitions:

First Premise

The initial statement or proposition from which further reasoning is based in an argument.

Valid Deductive Argument

A logical statement where, if the premises are true, the conclusion necessarily follows and must also be true.

True Conclusion

The outcome of an argument that is logically derived from true premises.

Valid Argument

A logical argument where, if the premises are true, the conclusion necessarily follows, demonstrating sound reasoning.