The "Efficiency of the Payments Mechanism" Refers to

question 31

Multiple Choice

The "efficiency of the payments mechanism" refers to

• A)the ease and speed of exchanging money for goods and services.
• B)how fast member banks replenish required reserves.
• C)how fast banks pay interest on deposit accounts.
• D)how fast countries pay off foreign debts.

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Definitions:

Allen-Bradley SLC-500

A series of small programmable logic controllers (PLCs) manufactured by Allen-Bradley, designed for industrial automation applications.

Output Module

A hardware or software component that sends data from a computer to another device or user.

I/O Module

Input/Output Module, a device that provides the physical connection and conversion between a controller and external devices, sensing and acting upon the physical environment.

Status Indicator Connections

Physical or virtual connections in a system used to display the current status or condition through indicators.