A Time Draft That Is Issued by a Firm and Guaranteed

question 62

True/False

A time draft that is issued by a firm and guaranteed by a bank is called a banker's acceptance.

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Definitions:

Disinhibition Effect

The phenomenon where an individual exhibits uninhibited or impulsive behavior due to a reduction in social restraints or personal inhibitions.

Verbal Modeling

A method of learning in which individuals learn how to act or perform by listening to descriptions or explanations and imitating those verbal instructions.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.

Disinhibition

The weakening of inhibitions or constraints by observing the behavior of a model.