Letters of credit is a revocable commitment by a bank issued on behalf of its client and promising to pay a specific sum of money to a beneficiary upon compliance with the instructions of the letter of credit
Indicate whether the statement is true or false
False
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Which of the following would appear on the balance sheet as a current liability?
a. A loss from an anticipated strike by employees. b. Potential damages from possible explosions in a fireworks factory. c. Premium offers in cereal boxes. d. The possible loss from a lawsuit.
Coding a message into a form unreadable to an interceptor is called _____.
A. classification B. encryption C. modulation D. demodulation
What type of rules determine which job to process next from a queue of waiting jobs?
a. Delivery b. Distance c. Dispatch d. Distribution
For which of the following situations would there be personal liability coverage under the homeowners policy?
I. The named insured accidentally injures her husband with a hammer. II. The named insured breaks his wife's valuable vase while practicing his golf swing. A) I only B) II only C) both I and II D) neither I nor II