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Llana [10]
3 years ago
9

Standby letters of credit A. are a promise by a large depositor to provide additional funds to a bank should the bank face an un

expectedly 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.
Business
1 answer:
Georgia [21]3 years ago
5 0

Answer:

The correct answer is letter "C": are a promise by a bank to lend the borrower funds to pay off its maturing commercial paper.

Explanation:

A standby letter of credit is a document that serves as a guarantee in front of the default of a buyer or seller in an agreement between the two parties. For instance, if the buyer defaults for a given reason, the bank that grants the standby letter of credit is responsible for paying off the outstanding debt. Another example of when the standby letter of credit comes into action is when both the buyer and the seller are certain of their responsibilities but after delivering the goods to the buyer they do not meet the buyers' expectations.

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Answer:

Whether the technology provides benefits and responds to customers needs

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Technological innovation can be defined as the introduction of new technical products and services or improving an existing ones.

One major reason for this is to address human needs and better serve individual . Therefore whenever any firm wants to launch any new product , it is important that it must create a balance between what is technically possible and whether the new technology provides benefits and responds to customers needs.

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How does globalization affect labor markets around the world?
evablogger [386]

Answer:

D: it create jobs in some countries while eliminating them in others.

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Two years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 7.25 percent. Today, comparable bo
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Answer:

$1,035.71

Explanation:

first we must determine the annual interest = face value x coupon rate = $1,000 x 7.25% = $72.50

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7 0
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Identify the new key features that distinguishes the Grand Cherokee L from the previous generation Grand Cherokee
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The new features in Grand Cherokee L in comparison to the previous Grand Cherokee are the addition of seating rows, expansion in length, and having a larger wheel structure.

<h3>What is Grand Cherokee?</h3>

Grand Cherokee is a sport utility vehicle, that is, an SUV car being manufactured by an American manufacturer called Jeep.

The features of Grand Cherokee L in comparison to Grand Cherokee are as follows:

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  • Length: Grand Cherokee L is 15.1 inches in length which is greater than the Grand Cherokee of the previous generation.
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Therefore, the add-ons in the Grand Cherokee L are described as above.

Learn more about the Grand Cherokee L in the related link:

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