The First Owner of the Bankers' Acceptance Created from an International

question 59

True/False

The first owner of the bankers' acceptance created from an international trade transaction will be the importer, who receives the endorsed draft back after the bank has stamped it "accepted."

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Definitions:

Kohlberg

A theorist known for his work on moral development, particularly the stages of moral reasoning.

Preconventional

The first level of Kohlberg's stages of moral development, where an individual's moral reasoning is based primarily on the consequences of actions and compliance with rules to avoid punishment or gain rewards.

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, rules, and laws.

Postconventional Level

A stage of moral development in which individuals' moral reasoning is based on internal principles, and societal rules are questioned rather than followed blindly.