The Least Costly Form of Claim in Foreign Exchange Is

question 140

Multiple Choice

The least costly form of claim in foreign exchange is a: Not in chapter

• A)banker's sight draft
• B)cable order
• C)time draft
• D)bill of exchange

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Definitions:

Persuasion Strategies

Techniques or methods employed to influence others' beliefs, attitudes, intentions, motivations, or behaviors.

Lowball

A strategy where an initially favorable offer is made with the intention of introducing less favorable terms or conditions later.

Scarcity Principle

A social psychology principle stating that people value and desire something more highly when it is rare or difficult to obtain.

Scarcity

A situation in which resources are insufficient to satisfy all wants and needs.