Which of the Following Statements Is NOT True

question 34

Multiple Choice

Which of the following statements is NOT true?

• A)The Federal Reserve operates the Fedwire electronic payments system while CHIPS is a private network.
• B)Fedwire is used to transfer funds from the Fed to the banking system while CHIPS is used to make interbank funds transfers.
• C)The Fed guarantees all payments on Fedwire while CHIPS transfers are provisional until settlement.
• D)Large daylight overdrafts are incurred on both Fedwire and CHIPS.
• E)Fedwire has a fee for daylight overdrafts but CHIPS does not.

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Definitions:

Competitive Inertia

A situation where a company continues with its current strategies because it has historically been successful, even when those strategies become less effective.

Affect

A term referring to the experience of feeling or emotion in psychology.

ABC Model

A framework in cognitive behavioral therapy that outlines the relationship between an activating event, beliefs, and consequences.

Self-Report Questionnaires

A research or assessment tool in which individuals provide information about themselves, typically regarding attitudes, behaviors, or personality.