What is a banker's acceptance? How is one created? Whose liability is it?
What will be an ideal response?
The use of a time draft in a documentary credit creates the opportunity for the creation of a banker's acceptance. The bank stamps and signs the draft as accepted, indicating that the bank will pay the face value of the draft at maturity. The accepted draft can then be discounted either by the issuing bank or in the money market.
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What are the three statutory defenses under the Robinson-Patman Act for price discrimination?
What will be an ideal response?
In order to simplify the record-keeping chores of budgeting, you should use cash to pay bills whenever you can
Indicate whether the statement is true or false.
People use insurance to help protect themselves, and the people they care about, from financial loss due to disability, legal liability, property loss, and what other scenario?
A) Marital Problems B) Bad Investments C) Criminal Act D) Illness E) Large Appliances
If a many-to-many-to-many relationship is created when it is not appropriate to do so, how can the problem be corrected?
a. by converting to 1NF b. by converting to 2NF c. by converting to 3NF d. by converting to 4NF