Which of the Following Is NOT a Function of a Point-Of-Sale

question 98

Multiple Choice

Which of the following is NOT a function of a point-of-sale (POS) system?

• A) collecting sales data
• B) connecting directly into a store's inventory-control system
• C) transmitting coupons to customers in the store
• D) collecting data on returns and transfers to other stores
• E) automatically sending re-orders when supplies decline to a certain level

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Definitions:

Actual Reserves

The total amount of funds or commodities a bank holds at a given time, including both required and excess reserves.

Required Reserves

The minimum amount of funds that a bank is required to hold in reserve against deposits made by customers, as mandated by regulatory authorities.

Required Reserve Ratio

The fraction of deposits that banks are required to keep on hand as reserves, either in cash or as deposits with a central bank.

Checkable Deposits

Deposits in financial institutions that can be withdrawn by writing a check or using a debit card.