Explain Why a London Eurobank Has a Competitive Advantage Over

question 92

Essay

Explain why a London Eurobank has a competitive advantage over a bank in New York in attracting dollar deposits.

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Definitions:

Reinforcer

Any stimulus that strengthens or increases the probability of a specific response or behavior by being delivered or removed after the behavior occurs.

Punisher

In behavioral psychology, any stimulus that decreases the likelihood of a behavior being repeated.

Strengthen Behavior

The process of increasing the likelihood that a particular response will occur, often through reinforcement or practice.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.