People's Pal, a Public Sector Bank, Provides a Feature on Its

question 124

Multiple Choice

People's Pal, a public sector bank, provides a feature on its website that allows its customers to disburse their due payments automatically on a monthly basis. This saves its customers from the hassle of forgetting to pay their dues and having to pay a fine. In this scenario, People's Pal uses:

• A) electronic bill presentment and payment.
• B) a cybermediary.
• C) intranet.
• D) decision support systems.

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Definitions:

Eurobonds

Bonds issued in a currency other than the currency of the country or market in which it is issued, often used by companies to raise capital in foreign markets.

Yankee Bonds

Bonds issued by foreign entities in the U.S. market, denominated in U.S. dollars, to raise capital from American investors.

Samurai Bonds

Bonds issued in Japan by foreign entities, denominated in Japanese yen.

Synthetically Created

Created or manufactured using a combination of elements and processes to replicate or improve upon a natural product or financial instrument.