Which Is the Preferred Currency of Payment for an Importer

question 12

Multiple Choice

Which is the preferred currency of payment for an importer who expects that the value of his currency will appreciate relative to the value of the currency of the exporter's country?

• A) exporter's country currency
• B) importer's country currency
• C) a third country's currency, such as the euro
• D) an artificial currency, such as the SDR
• E) None of the above

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Definitions:

Beck

Aaron T. Beck, a psychiatrist known for developing cognitive therapy, particularly for depression.

Overgeneralizing

A cognitive distortion involving broad, sweeping conclusions based on a single event or piece of evidence.

Selective Abstraction

A cognitive distortion where an individual focuses on a single negative detail or event, often ignoring the broader context of a situation.

Dichotomous Thinking

A cognitive distortion involving seeing things in black and white categories or all or nothing terms, without recognizing the middle ground.