Consider a Bank That Acknowledges That It Will Make Payments

question 46

Multiple Choice

Consider a bank that acknowledges that it will make payments on behalf of a computer importer after the computers are delivered to the importer. This reflects:

• A) accounts receivable financing.
• B) forfaiting.
• C) factoring.
• D) a letter of credit.

---

Definitions:

Spinal Cord

A long, thin, tubular structure made up of nervous tissue that extends from the brainstem to the lower back, serving as the main pathway for information connecting the brain and peripheral nervous system.

Myelinated Axons

Axons that are covered by a fatty substance called myelin, which insulates and increases the speed at which electrical impulses propagate along the nerve cell.

Unmyelinated Axons

Nerve fibers that lack a myelin sheath, resulting in slower signal transmission compared to myelinated axons.

Cell Bodies

The central part of a neuron that contains the nucleus and most of the cytoplasm and is essential for processing and transmitting nerve signals.