Which of the Following Wholesale Services Offered by FIs to Businesses

question 10

Multiple Choice

Which of the following wholesale services offered by FIs to businesses allows the FI to combine the e-mail capabilities of the internet with the FIs ability to process payments electronically through the interbank payment networks?

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

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Definitions:

Toyota Prius

A hybrid electric vehicle manufactured by Toyota, noted for its fuel efficiency and environmental friendliness.

Core Benefit

The fundamental value or primary advantage that a customer receives from a product or service.

Market Position

The place a brand or product occupies in the mind of the customer and in the market relative to competitors, based on criteria like quality, price, and function.

Market Development

A strategic business process aimed at finding new markets or expanding existing ones for a product or service.