Standby letters of credit A. are a promise by a large depositor to provide additional funds to a bank should the bank face an unexpectedly large deposit outflow. B. represent the unused balance on a bank credit card. C. are a promise by a bank to lend the borrower funds to pay off its maturing commercial paper. D. are a form of swaps.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Standby letters of credit A. are a promise by a large depositor to provide additional funds to a bank should the bank face an unexpectedly ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On April 10, Caryâs Carpet Cleaning, Inc. borrows $15,000 from a bank, depositing those funds in its bank account and signing a formal agreement to repay the loan in one year. Prepare the appropriate journal entry for this transaction.
Answers (1)
g Bob makes his first $ 800 deposit into an IRA earning 7.4 % compounded annually on his 24th birthday and his last $ 800 deposit on his 39th birthday (16 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.
Answers (1)
An increase in the interest rate A. increases the percentage yield of holding money. B. decreases the opportunity cost of holding money. C. increases the opportunity cost of holding money. D. decreases the percentage yield of holding money.
Answers (1)
When you do a vehicle check, what do you NOT need to keep an eye on?
Answers (1)
If the price of Pepsi decreases, all else held constant, then we'd expect to see a consequent shift of the demand curve for: Multiple Choice: Coke to the left. Coke to the right Pepsi to the left Pepsi to the right
Answers (1)
New Questions in Business
You have been placed in charge of all advertising for a product that has common appeal in different cultures around the world. You will most likely engage in a. global advertising. b. international advertising. c. national advertising. d.
Answers (1)
Miller Company has a subsidiary located in Saudi Arabia. In order to reduce economic exposure, Miller restructured its operations and increased supply order in Saudi Arabia.
Answers (2)
It would be faster for a human resource manager to use a (an) (blank) to alert employees about a company picnic.
Answers (1)
Why do economists use models? a. Models are used to add complexity to a simple world. b. Models allow us to study a simplified version of a complex world. c. Models allow us to control exogenous factors. d. Models make the world harder to understand.
Answers (2)
On January 1, Wei company begins the accounting period with a $45,000 credit balance in allowance for doubtful accounts. a. On February 1, the company determined that $9,800 in customer accounts was uncollectible; specifically, $2,400 for Oakley Co.
Answers (2)