Name Two Potential Impact Measures

question 12

Essay

Name two potential Impact measures:

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Definitions:

Stop Payment

An instruction to a bank by an account holder not to pay or honor a check that has been issued from their account.

EFT Charges

Charges or fees associated with Electronic Funds Transfer, which is the electronic transfer of money from one bank account to another.

Unauthorized Payment

A transaction completed without the approval or consent of the account holder.

Personal ID Number

A unique numerical identifier assigned to an individual to facilitate personal identification and secure access to financial accounts or systems.