Iip301 quiz 2 ch8 9 10 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Iip301 quiz 2 ch8 9 10? On this page you'll find 2 study documents about Iip301 quiz 2 ch8 9 10.
All 2 results
Sort by
-
IIP301 - QUIZ 2 (CH8-9-10) WITH 100% CORRECT ANSWERS.
- Exam (elaborations) • 7 pages • 2023
-
- $15.49
- + learn more
1. In most case, a draft accepted by bank enjoys ______________ credit standing than a draft accepted by a company and individual. 
A. Higher 
B. Lower 
C. None of the above 
A 
 
 
 
2. The draft with tenor "45 days after shipment date (shipment date: 15 June 2019) is called: 
A. Time draft 
B. Sight draft 
C. Usance draft 
D. Both A and C are correct 
D 
 
 
 
3. Which is the internationally recognized of rules unifying banking practice regarding collection operations for drafts and for docum...
-
IIP301 - QUIZ 2 (CH8-9-10) FULLY SOLVED & VERIFIED FOR ACCURACY 2024.
- Exam (elaborations) • 7 pages • 2023
-
- $15.49
- + learn more
A 
1. In most case, a draft accepted by bank enjoys ______________ credit standing than a draft accepted by a company and individual. 
A. Higher 
B. Lower 
C. None of the above 
 
 
 
D 
2. The draft with tenor "45 days after shipment date (shipment date: 15 June 2019) is called: 
A. Time draft 
B. Sight draft 
C. Usance draft 
D. Both A and C are correct 
 
 
 
A 
3. Which is the internationally recognized of rules unifying banking practice regarding collection operations for drafts and for do...
And that's how you make extra money
Did you know that on average a seller on Stuvia earns $82 per month selling study resources? Hmm, hint, hint. Discover all about earning on Stuvia