Which of the Following Statements Is NOT True

question 30

Multiple Choice

Which of the following statements is NOT true?

• A)Bankers' acceptances are more popular than commercial paper used in Canada as a short-term financing source.
• B)Banks are the ultimate guarantors for payments of bankers' acceptances.
• C)Bankers' acceptances can be traded in the secondary markets prior to their maturities.
• D)Bankers' acceptances are commonly used to finance goods sold with short payment terms.

---

Definitions:

Weight Loss Pill

A pharmacological agent designed to reduce or control weight, typically by suppressing appetite or increasing metabolism.

Promissory Note

A written promise to pay a specified sum of money to a designated person or entity, at a specified time or on demand.

Counter Offer

A response to an offer in which the original conditions are rejected and new terms are proposed.

Verbal Offer

An offer made orally rather than in writing, which in some cases can still be legally binding depending on the circumstances.