When a Bank Collects a Notes Receivable, It Notifies the Payee

question 17

True/False

When a bank collects a notes receivable, it notifies the payee that the net amount has been added to the payee's account by using a credit advice.

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Definitions:

Counterconditioning

A behavior therapy procedure that uses classical conditioning to evoke new responses to stimuli that are triggering unwanted behaviors; includes exposure therapies and aversive conditioning.

Unwanted Responses

Reactions or behaviors that are not desired or intended, often occurring in a psychological or physiological context.

New Responses

Fresh or novel reactions or actions made in response to stimuli or situations that have not been encountered before.

Insight Therapies

A variety of therapies that aim to improve psychological functioning by increasing the client’s awareness of underlying motives and defenses.