Buyers credit is issued in   O a. Home currency of the borrower   O b. INR   C. Foreign Currency   O d. Cryptocurrency

Q: Alpha, Inc., made errors and/or omissions during the current year as described below. Indicate the…

A: Solution Notation to be used 0 =overstated U            = understated N            =no effect…

Q: What is National Savings Certificate? A. Short-term U.S. government debt obligation B. A fixed-…

A: The correct answer is B. A fixed-income investment scheme:One such investment product that the…

Q: Vhen a bank grants a consumer loan to someone, it leads to: O a. an indirect flow of funds Ob. Oc a…

A: Consumer loans are a type of loan offered by banks and other financial institutions to individuals…

Q: Which of the following are the instruments of money market? Select one a Certificate of deposits…

A: Money market fundamentally alludes to a part of the monetary market where monetary instruments with…

Q: It is an average interest rate that banks offer in the financial market: a. effective rate b.…

A: Effective Rate: It is the interest rate on a loan provided or financial security restated from the…

Q: Select the term that best fits each of the following definitions and descriptions. a. Notes…

A: There are varied terms used in accounting in day-to-day operations. They have a standard meaning…

Q: How can Notes Receivables be sold to another party? What is the process exactly? Please explain.

A: Notes receivables are current assets of a company. Many companies sell their products or services on…

Q: LORO account will involve a   O a. Mediator   O b. New bank account   O c. Correspondent Bank…

A: With globalisation, trading with a foreign country has never been easier, however foreign trade…

Q: Nostro Account will receive remittance in   O a. Foreign Currency   O b. Home Currency   O C.…

A:

Q: A foreign currency loan is a typical example for   O a. Currency Risk   O b. Interest rate risk…

A: A foreign currency loan is one in which you borrow money in a foreign currency, such as Swiss…

Q: Deposits other than customer payments are entered using: a. Receive Payments b. Pay Bills c. Bank…

A: A bank account is an account with a bank that is used to deposit money and withdraw money. The…

Q: O a. Nostro account O b. Vostro áccount O C. Loro account

A: Ans. Nostro is a Latin word which means 'ours'. Nostro means 'our account with you'. It is an…

Q: Bank loans often are arranged under existing lines of credit. What is a line of credit? How does a…

A:

Q: which of the following source of finance comes with a line of credit ? a. Credit card b. Mutual Fund…

A: There are various sources of finance

Q: The short-term loan that are given to importers and exporters are known as; a. Re-purchase agreement…

A: When the payment is a guarantee by the banks rather than the account holders it is referred as the…

Q: Which of the following is money kept by the firm with a bank in low-interest or non-interest bearing…

A: Loan is a part of financing in which a bank or institution lends money to the business in exchange…

Q: additional loan from bank should it be included in cash at hand/cash on bank

A: The company maintain certain amount of the cash for working capital management and smooth operations…

Q: A company repays its bank borrowings.  The entry to record that transaction should be Group of…

A: Borrowing means where business taken loan from outsider to be used in business and repaid later.

Q: Does Loan Meet Written Loan Policy and How Would Loan Be Affected By Changing Laws and Regulations…

A: A loan is a sum of money that is borrowed, typically from a financial institution such as a bank or…

Q: Currency swap mostly means   O a. Exchanging interest rates   O b. Swapping currency cashflows…

A: A swap is a financial derivative arrangement in which two parties swap cash flows or liabilities…

Q: romissory notes can be used in which of the following cases? a. Lending money b. All the given…

A: Explanation: Promissory note: A promissory note is a legal financial instrument that has a written…

Q: What is the adjusting entry of Bank Reconciliation : Credit Memo- Proceed Bank Loan

A: Credit memo - proceed bank loan : A bank's credit memo is defined as the item where the bank account…

Q: Customer loans are classified on a Depository Institution (DI)'s balance sheet as Select one: A.…

A: A financial institution that specializes in accepting and retaining deposits from people and…

Q: How is a line of credit issued by a bank similar to a credit card?

A: Line of credit is the amount that bank or any other financial institution has allowed to lend to the…

Q: In Promissory note, Maker is the person who. a. Receives the payment b. Makes the sales c. Makes…

A: A promissory note is a shred of documentary evidence in which one party makes the promise to another…

Q: When a depositor can take out more than the amount of funds, he/she has within an account is known…

A: Solution:- Taking out more funds means withdrawing more funds than the actual balance in the bank…

Q: What is the process of Borrowing with Credit Cards?

A: The credit card is a vital instrument to upsurge the buying power. The credit card facility aids to…

Q: How to entre a credit cards

A: How to entre a credit cards

Q: Prepayment of loans may be initiated by a. borrowers and lenders b. bank auditors c. the central…

A: Prepayment of a loan means the pay off the loan before the due date. Prepayment will save interest…