The Commission Earned by the Bank for Accepting a Draft

question 45

True/False

The commission earned by the bank for accepting a draft is reflected in the all-in-rate.

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Definitions:

Primary Reinforcer

A naturally reinforcing stimulus like food or water, which does not require learning to become pleasurable or desirable.

Fixed-Interval

A schedule of reinforcement where rewards are provided after a specific and constant period of time has passed.

Variable-Interval

A reinforcement schedule where a reward is given after a random period has elapsed following a response.

Fixed-Ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses, in behaviorist psychology.