Which of the Following Stands at the Center of International

question 16

Multiple Choice

Which of the following stands at the center of international commercial transactions and is issued by a bank at the request of an importer?

• A)Bill of lading
• B)Time draft
• C)Letter of credit
• D)Sight draft
• E)Bill of exchange

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Definitions:

Generalization

The process by which the brain applies learned responses to similar stimuli beyond the original situation.

Conditioned Response

A learned reaction to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Neutral Stimulus

A stimulus that initially does not elicit any intrinsic response until it is paired with an unconditioned stimulus in classical conditioning.

Conditioned Stimulus

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