The First Owner of the Bankers' Acceptance Created from an International

question 59

True/False

The first owner of the bankers' acceptance created from an international trade transaction will be the importer, who receives the endorsed draft back after the bank has stamped it "accepted."

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underemphasizing the role and power of situational influences.

Think Alike

A phrase indicating that two or more people have similar thoughts, ideas, or patterns of thinking.

Harmony

A pleasing combination or arrangement of different things, often referring to music, relationships, or the balance in nature.

Self-Serving Bias

The common human tendency to attribute positive events to one's own character but attribute negative events to external factors.