Financial Electronic Data Interchange (FEDI)

question 55

Multiple Choice

Financial electronic data interchange (FEDI) :

• A) electronically processes invoices but not fund transfers.
• B) eliminates the need for lockboxes.
• C) was replaced by the Check Clearing Act for the 21st Century.
• D) eliminates zero-balance accounts.
• E) reduces float.

---

Definitions:

Reflective Listening

A communication technique in which the listener repeats back what the speaker says, to confirm understanding and show attentiveness.

Empathy

The ability to understand and share the feelings of another, allowing for emotional connection and comprehension.

Effective Supervisors

Leaders or managers who excel in guiding, supporting, and motivating their teams towards achieving goals and improving performance.

Interpersonal Communication

Interpersonal communication is the process of exchanging ideas, feelings, and messages between two or more people through verbal or non-verbal means.