A Draft Drawn on and Accepted by a Bank Is

question 59

True/False

A draft drawn on and accepted by a bank is called a banker's acceptance.

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Definitions:

Encoded

The process of converting information into a particular form, often for storage, transmission, or processing in communications and information technology.

Tournament Game

A competition involving a series of games or rounds, where the outcome determines the advancement to subsequent rounds.

Effortful Processing

A type of information processing that requires attention and conscious effort in order to encode or remember information.

Mental Image

A representation of sensory information in the mind, which is not currently being perceived, such as visualizing an object, sound, or situation.