A ____ Is Issued by a Bank Upon Request of an Importer

question 70

Multiple Choice

A ____ is issued by a bank upon request of an importer stating that the bank will pay an amount of money to a stated beneficiary.

• A) license
• B) letter of credit
• C) bill of lading
• D) draft
• E) voucher

---

Definitions:

Type I Error

Erroneously dismissing a true null hypothesis, often called a "false positive."

Sample Mean

The average obtained from a sample, calculated by summing all sample data points and dividing by the number of points.

Null Hypothesis

A statement or assumption that there is no effect or no difference, and is the hypothesis that researchers aim to test against.

Hypothesized Value

A specific value or condition proposed in a hypothesis that is tested through statistical analysis.