____________ is an electronic payment network used by individuals businesses, financial institutions and government organizations. It provide better cash management capabilities and lower costs than traditional paper payments.
A) EFT (Electronic Funds Transfer)
B) ACH (Automated cleaning house)
C) ATM
D) None of these
Correct Answer:
Verified
Q210: Notes are debt instruments issued to:
A) A
Q211: A sound Asset/Liability management policy must manage
Q212: There may be instances of massive losses,
Q213: All the activities, mentioned below, cause rise
Q214: Banks also serves as "registrar" for stocks
Q216: The "discount on bonds payable" account is
Q217: _ is a form of insurance, to
Q218: The primary regulatory entities of banking industry
Q219: Commercial banks create money by:
A) Making loans
B)
Q220: CAMEL is an acronym that comes from
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