Which of the Following Statements Is Not True in Relation

question 10

Multiple Choice

Which of the following statements is not true in relation to the Electronic Funds Transfer (EFT) Code?

• A)If an institution claims a user has committed fraud the user is obliged to prove he/she is innocent.
• B)A financial institution has a contractual obligation to obey the EFT once it has adopted the code.
• C)The EFT is a voluntary code.
• D)If a secret code was used to carry out an unauthorised transaction and there is no evidence of a fraud or a breach of security requirements the account holder can be required to pay up to $150.

Master the use of advanced Excel functions such as nested IF statements and absolute cell references.

Learn how to create and interpret Excel charts, including the use of sparkline and clustered column charts.

Understand how to prepare journal entries for transactions involving property, plant, and equipment including sales, disposals, and purchases.

Identify and calculate various types of depreciation and amortization for fixed assets and intangibles.

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Definitions:

Interactionist

An approach in sociology and psychology that emphasizes the mutual influence of individuals and society upon each other.

Innate Predisposition

An inherent inclination or tendency to behave or respond in a certain manner, often present from birth.

Decision Making

The mental process involved in choosing one option out of many possibilities.

Law School

A professional school offering education in law leading to a degree and qualification to practice law.