A banker’s acceptance is an order to pay a specified amount of money to the bearer on a given date. Banker’s acceptances have been used since the twelfth century.

A basic principle of finance is that the value of any investment is

General obligation bonds have specific assets pledged as security or specific sources of revenue allocated for their repayment.

Commercial paper securities

Which of the following two individuals formally declared that the US and the USSR were no longer enemies?

(I) Municipal bonds that are issued to pay for essential public projects are exempt from federal taxation. (II) General obligation bonds do not have specific assets pledged as security or a specific source of revenue allocated for their repayment.

Which individual, more than any other, was a ‘Godsend’ to the Allies in the early months of the war and was a staunch advocate to fight and not negotiate with the Germans?

Germany’s objective in the Battle of Britain was to destroy the morale of the English people through continuous night raids and they were successful in doing so.

The Phony War

In the early part of the Cold War, Russia blocked access to Berlin from the west and in response the Berlin Airlift provided daily supplies for nearly a year until the Russians allowed access to Berlin.