If the buyer's or seller's bank stamps its name, date, and signature on the face of a draft, it becomes a:
A) trade acceptance
B) banker's acceptance.
C) letter of credit.
D) none of the above.
B
You might also like to view...
The financial perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria
Indicate whether the statement is true or false
To be an effective listener, a person should
A) avoid the insult of paraphrasing the sender's message. B) help the sender finish his or her message. C) use certain words to shut down discussion. D) accept the sender's figure of speech.
In the consumer buying decision process, a buyer will search his or her memory for information about products that might solve the problem they have identified in the
A. internal search. B. external search. C. evoked search. D. purchase phase. E. postpurchase phase.
In addition to providing coverage in the United States, its territories and possessions, and Puerto Rico, where else does the PAP provide coverage?
A) in Mexico B) in Canada C) in both Mexico and Canada D) anywhere in the world