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Sally Opened a Small Boutique; Unfortunately,she Had No Credit and Her

Question 79

Multiple Choice

Sally opened a small boutique; unfortunately,she had no credit and her suppliers wished to be paid immediately.Sally did not like to carry cash,so she paid by


A) writing cheques on her term deposit account.
B) writing cheques on her demand deposit account.
C) using a banker's acceptance.
D) writing a promissory note.
E) using a letter of credit.

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