For Banks,the Check Processing Activities

question 144

Multiple Choice

For banks,the check processing activities:

• A)still represent the cheapest way to permit customers use of their funds.
• B)are expensive and time consuming.
• C)are not trustworthy and reliable.
• D)are extremely efficient and have deterred customers from using other ways to access their funds.

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Definitions:

Psychological Phenomenon

A broad term for any mental process or behavior that can be observed or experienced.

Stimuli

External factors or events that provoke a response or reaction from a biological organism.

Memories Distorted

A phenomenon where recall of memories is inaccurately reconstructed or biased, often influenced by new information, beliefs, or suggestions.

Mnemonic

A technique used to assist in remembering information, typically involving patterns, phrases, or associations.