7 Banks deal exclusively with documents means that they are not in a position to verify whether the goodssupplied are actually identical with those specified in the credit. (2.05)

Banks often have to verify if the goods supplied are identical or not as per the specifications.…

Answered: Banks deal exclusively with documents…

Banks deal exclusively with documents means that they are not in a position to verify whether the go supplied are actually identical with those specified in the credit. (2.04)

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter2: Sample Company Walkthrough

Section: Chapter Questions

Problem 5Q

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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Banks deal exclusively with documents means that they are not in a position to verify whether the goods
supplied are actually identical with those specified in the credit. (2.05)

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