Laws That Prevent U

question 41

Short Answer

Laws that prevent U.S.persons and companies from complying with any unsanctioned foreign boycott are known as ______.

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Definitions:

Electronic Funds Transfer

A system that allows the transfer of money between bank accounts without the physical exchange of cash, checks, or other negotiable instruments.

Outstanding Checks

Checks that have been issued and recorded in the payer's financial statements but have not yet been cashed or cleared by the bank.

Bank Reconciliation

The method of aligning the figures in a company's financial records for a cash account with the relevant data on a bank statement.

Bank Service Charge

Fees charged by banks for various services provided to customers, such as account maintenance or transaction processing.