A Banker's Acceptance Is a Draft Drawn on and Accepted

question 14

Multiple Choice

A banker's acceptance is a draft drawn on and accepted by a(n) ____.

• A) bank
• B) importer
• C) exporter
• D) none of the above

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Definitions:

Logrolling

The process of exchanging favors, especially in politics by reciprocal voting for each other's proposed legislation.

Social Engineering

Social engineering involves manipulating individuals into divulging confidential or personal information for fraudulent purposes.

Grandstanding

Engaging in behavior or making statements intended to attract positive attention and impress others.

Marginal Benefit

The added contentment or utility derived from utilizing or producing an extra item of a good or service.