Banks Prefer That Customers Use an Electronic Funds Transfer System

question 244

Multiple Choice

Banks prefer that customers use an electronic funds transfer system rather than traditional methods of payment because

• A) traditional payments are subject to regulation by the Fed and electronic transactions are not.
• B) electronic funds are subject to a smaller reserve requirement than traditional funds.
• C) electronic funds transfer is more efficient and less expensive for banks than traditional check-based payments.
• D) the bank generates advertising revenue from its website.

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Definitions:

Relative Compression Test

A quick way to identify a weak cylinder by cranking the engine with an inductive ammeter on the starter circuit. With a lab scope, cranking amperage can be graphed and correlated to a particular cylinder. A cylinder with low compression will draw fewer amps than a cylinder with higher compression, which will show on the graph.

Inductive Ammeter

An instrument used for measuring electrical current without the need to make direct contact with the conductor.

Black Smoke

Emission from a vehicle's exhaust, indicating incomplete combustion and the presence of excess fuel in the engine.

Combustion Chamber

The enclosed space within an engine where fuel is burned to produce power.