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.

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Definitions:

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits.

Health Care

Health care encompasses services provided to individuals or communities for the prevention, management, and treatment of physical and mental health conditions.

Income Maintenance

Government programs designed to ensure individuals have a basic level of income, through mechanisms like unemployment benefits, social security, or welfare programs.

Economic Security

The condition of having stable income or other resources to support a standard of living now and in the foreseeable future.