Which of the Following Best Describes an ACH Transfer of Funds

question 47

Multiple Choice

Which of the following best describes an ACH transfer of funds between two separate banking institutions?

• A) Both accounts are verified and funds are quickly available.
• B) Both accounts are not verified and funds are quickly available.
• C) Both accounts are verified but funds may take several days to be available.
• D) Both accounts are not verified and funds may take several days to be available.

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Definitions:

Futures Contract

A legal document that obligates parties to buy or sell a commodity at a price determined in advance, on a specified future date.

Assembly

The process of putting together various components or parts to form a finished product.

Speculation Strategy

An investment strategy aimed at making profits from market value changes, often involving high risk and short-term commitments.

Long Oil Futures

An investment strategy involving the purchase of oil futures contracts in anticipation of oil prices increasing in the future.