If the Importing Bank's Acceptance Commission Is 1

question 82

Multiple Choice

If the importing bank's acceptance commission is 1.25 percent, determine the amount the exporter will receive if he holds the B/A until maturity.

• A)$2,945,625
• B)$2,990,625
• C)$2,906,250
• D)$3,009,375

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Definitions:

Preoperational Stage

A stage in Jean Piaget's theory of cognitive development, occurring approximately between the ages of 2 and 7, characterized by symbolic thinking and egocentrism but a lack of operational logic.

Decenter

In Piaget’s terminology, to think simultaneously about several aspects of a situation.

Piaget

Jean Piaget, a Swiss psychologist renowned for his work in child development and his theory of cognitive stages.

Situation

Refers to a set of circumstances or a scenario in which individuals find themselves, which can affect their actions and decisions.