The term "issuer":
a. is not used in relation to commercial paper.
b. is an all-purpose term that means both maker and drawer.
c. is synonymous with drawee.
d. is used in relation to commercial paper only to indicate the bank which creates a certificate of deposit.
b
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In a two-period model, a household has an income of $20,000 in period one and an income of $25,000 in period two. The household faces an interest rate of 50 percent. What is the present value of the household's income if the income in period one increases to $30,000?
A. ?$39,000 B. ?$46,666.66 C. ?$40,555.65 D. ?$50,000
Barlo Lunch Snacks places a coupon in each box of its cracker product. Customers may send in five coupons and $3, and the company will send them a recipe book. Sufficient books were purchased at a cost of $5 each. A total of 500,000 boxes of product were sold in 2016. It was estimated that 4% of the coupons would be redeemed. During 2016, 9,000 coupons were redeemed. What is Barlo's premium
expense for 2016? A) $4,400 B) $8,000 C) $20,000 D) $40,000
Consider Figure 5.3. Assume that Swedish import companies behave as competitive buyers while foreign export companies behave as monopoly sellers. Compared to free trade, Sweden's import quota results in domestic welfare
a. gains totaling $3.20. b. gains totaling $4.80. c. losses totaling $3.20. d. losses totaling $4.80.
During Year 1, El Paso Company had the following changes in account balances: ? The Accumulated Depreciation account had a beginning balance of $65,000 and an ending balance of $91,000. The increase was due to depreciation expense. ? The Long-Term Notes Payable account had a beginning balance of $104,000 and an ending balance of $48,000. The decrease was due to repayment of debt. ? The Equipment Account had a beginning balance of $80,000 and an ending balance of $242,000. The increase was due to the purchase of other operational assets. ? The Long-Term Investments Account (Marketable Securities) had a beginning balance of $57,600 and an ending balance of $40,000. The decrease was due to the sale of investments at cost. ? The Dividends Payable account had a beginning balance
of $38,400 and an ending balance of $32,000. There were $64,000 of dividends declared during the period. ? The Interest Payable account had a beginning balance of $7200 and an ending balance of $4000. The difference was due to the payment of interest. What is the net cash flow from investing activities? A. $144,400 outflow B. $170,400 outflow C. $144,400 inflow D. $170,400 inflow