Which of the Following Is an Informal Agreement or Understanding

question 27

Multiple Choice

Which of the following is an informal agreement or understanding between a borrower and a bank that does legally commit the bank to a maximum amount of credit that the bank will provide to the borrower?

• A) Line of credit
• B) Revolving credit agreement
• C) Commercial credit agreement
• D) Floating Credit

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Definitions:

Continuous Reinforcement

A reinforcement schedule in which a desired behavior is rewarded every time it is performed, encouraging the rapid acquisition of the behavior.

Particular Behavior

Specific actions or reactions of an individual in response to external or internal stimuli.

Delivered

Completed or carried out successfully, usually referring to a task, product, or service that has been provided to a requester or customer.

Reinforcement

A behavioral principle where the probability of a response occurring is increased or decreased through positive or negative stimuli.