Daylight Overdrafts Occur When

question 79

Multiple Choice

Daylight overdrafts occur when

• A)FIs in different time zones clear transactions.
• B)FI debits exceed credits during the day.
• C)FI credits exceed debits during the day.
• D)the sum of all debits transmitted over the system exceed the sum of all credits during the day.
• E)the sum of all credits transmitted over the system exceed the sum of all debits during the day.

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Definitions:

Total Revenues

The complete amount of income generated by a company through its various business activities.

Market Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output that producers are willing and able to sell at that price.

Acceptable Prices

Prices that consumers feel are fair for products or services, and are willing to pay.

Total Revenues

The overall amount of money received by a firm from sales of its products or services, before any costs are deducted.