When Serving as Collateral,the Bill of Lading

question 19

Multiple Choice

When serving as collateral,the bill of lading

• A)can be used to advance funds to the exporter by its local bank before or during shipment.
• B)specifies that the carrier is obligated to provide a transportation service in return for a certain charge.
• C)can be used to obtain payment or a written promise of payment before the merchandise is released to the importer.
• D)states that the bank will pay a specified sum of money to a beneficiary,normally the exporter,on presentation of particular,specified documents.
• E)is an order written by an exporter instructing an importer,or an importer's agent,to pay a specified amount of money at a specified time.

---

Definitions:

Sensorimotor Period

Another term for the sensorimotor stage in cognitive development, emphasizing the timeframe in which infants explore the world through senses and motor actions.

New Adaptation

The process or state of changing to fit a new environment or different conditions, often referring to biological, psychological, or social adjustments.

Language Development

The process by which children come to understand and communicate language during early childhood.

Sensorimotor Intelligence

Piaget's first stage of cognitive development, spanning from birth to about 2 years, where infants learn through interacting with the world via their senses and actions.