In an International Transaction Involving Bank as a Third Party

question 9

Multiple Choice

In an international transaction involving bank as a third party, the exporter ships the product after ____.

• A) the bank receives materials from the importer
• B) receiving cleared payment through bank
• C) the importer has paid the bank
• D) the bank promises to pay on the importer's behalf

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Definitions:

Latent Learning

The subconscious retention of information without immediate or apparent reinforcement or application, which can later be demonstrated when needed.

Absence of Reinforcement

A condition in which a behavior is not followed by a reinforcing stimulus, potentially leading to the reduction or cessation of the behavior.

Cognition

The intellectual activities or procedures used to gain understanding and knowledge by means of reasoning, experiencing, and perceiving with the senses.

Reinforcement Schedule

A pattern that defines how often a desired response will be reinforced.