EFT

question 55

Multiple Choice

EFT

• A) means efficient funds transfer
• B) can process certain cash transactions at less cost than using the mail would incur
• C) makes it easier to document purchase and sale transactions
• D) means effective funds transfer

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Definitions:

Multiphase

Pertaining to processes, systems, or tasks that occur or are executed in several distinct stages.

Unlimited Queue

A theoretical concept where the queue or line of customers or items waiting for service can grow indefinitely without any bounds.

Negative Exponential

A statistical distribution often used to model the time between independent events that happen at a constant average rate.

Poisson

A probability distribution that represents the likelihood of a certain number of events happening within a specified time or space interval.