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Question 38 Not yet answered Chase Bank issued a Guarantee for Mr. Marley needed in his business by an amount of $34,000 for a period
Question 38 Not yet answered Chase Bank issued a Guarantee for Mr. Marley needed in his business by an amount of $34,000 for a period of nine months starts on August 1, 2014. The bank charged him insurance 30% of the Guarantee, in addition to 1% commission and $100 stamps. What is the amount will be recorded as customer commitments for guarantee when guarantee issued? Marked out of 1.00 Flag question a. Nothing O b. 10,200 O c. 34,000 O d. 10,555
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