When Inscribed "Accepted" by an Importer, A(n) ________ Becomes a Negotiable

question 177

Multiple Choice

When inscribed "accepted" by an importer, a(n) ________ becomes a negotiable instrument that can be traded among financial institutions.

• A) sight draft
• B) bill of lading
• C) time draft
• D) airway bill

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Definitions:

Perseveration

The repetition of a particular response (such as a word, phrase, or gesture) despite the absence or cessation of a stimulus, often associated with various forms of brain damage or mental illness.

Egocentrism

A lack of ability to separate one's personal perspective from the perspective of others.

Centration

A cognitive limitation in early childhood where the child focuses on one aspect of a situation, neglecting other important features.

Static Reasoning

A cognitive understanding that things do not change, mistakenly assuming that the world is always in the same state as it is currently observed.