Which of the Following Wholesale Services Offered by FIs Allows

question 39

Multiple Choice

Which of the following wholesale services offered by FIs allows businesses to transfer and transact invoices, purchase orders, and shipping notices automatically?

• A)Electronic data exchange.
• B)E-commerce facilitation.
• C)Electronic billing.
• D)Electronic funds transfer.
• E)Account reconciliation.

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Definitions:

Satellite

An artificial object placed into orbit around the Earth or another body in space for the purpose of communication, navigation, or observation.

Fiber

A type of material used in telecommunications that transmits light to carry information over long distances.

Dematerialization

The process of reducing the use of physical resources in the production and distribution of goods and services, often through digitalization.

Materialization

In computing, it refers to the process of bringing virtual or logical data into physical form, often in the context of database systems.