Question

    Which of the following is NOT typically considered a

    bank guarantee issued by banks?
    A Performance Guarantee Correct Answer Incorrect Answer
    B Financial Guarantee Correct Answer Incorrect Answer
    C Bid Bond Guarantee Correct Answer Incorrect Answer
    D Personal Guarantee Correct Answer Incorrect Answer
    E Advance Payment Guarantee Correct Answer Incorrect Answer

    Solution

    A personal guarantee is provided by individuals (often promoters), not by banks. Bank guarantees include performance, financial, bid bond, and advance payment guarantees.

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