Which of the Following Methods Is (Are) Used to Transfer

question 56

Multiple Choice

Which of the following methods is (are) used to transfer surplus funds from local (collection) bank accounts to concentration (disbursement) bank accounts?

• A) wire transfers
• B) electronic depository transfer checks
• C) (mail) depository transfer checks
• D) All of these are correct

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Definitions:

Inseparability

Characteristic of services that highlights the simultaneous production and consumption, making it impossible to separate the service from the service provider.

Service Provider

A company or entity that offers services to consumers or other businesses.

Evaluate

To assess or judge the value, performance, or significance of something systematically.

Inseparability

A characteristic of services indicating that they are produced and consumed at the same time, making the separation of service delivery from its consumption impossible.