A ________ is an instrument issued by a bank or another person at the request of an account party that obliges the issuer to pay to a beneficiary a sum of money within a certain period of time upon the beneficiary's presentation of documents

specified by the account party.

A. bill of lading
B. cashier's check
C. certificate of deposit
D. letter of credit


D

Business

You might also like to view...

Which of the following types of risk has the most effect on owners of fixed income securities?

A. Business risk B. Event risk C. Market risk D. Interest rate risk E. Purchasing power risk

Business

Offering a free toy in a Cracker Jack box is an example of:

A) sampling. B) premiums. C) spiffs. D) rebates.

Business

The net present value capital budgeting method considers all estimated cash flows for the project's expected life.

Answer the following statement true (T) or false (F)

Business

Fashions, Inc has 12 shareholders. The company is subject to the Model Act. What officers is Fashions, Inc required to have?

a. A president, secretary, and treasurer b. A president and a secretary, and they can be the same person c. A president, at least one vice-president, a secretary, and a chief financial officer d. Whatever officers are described in the corporate bylaws

Business