What Type of System Allows a Customer's Bank to Periodically

question 1

Multiple Choice

What type of system allows a customer's bank to periodically transfer funds from its account to a selling firm's bank account for payment of bills?

• A) Disbursement agreement.
• B) Preauthorised debit system.
• C) Lockbox agreement.
• D) Concentration banking system.
• E) Zero-balance account.

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Definitions:

Generalized Anxiety Disorder

A mental health disorder characterized by excessive and uncontrollable worry about everyday things across many different situations.

Obsessive-Compulsive Disorder

A mental health disorder characterized by recurring, unwanted thoughts (obsessions) and repetitive behaviors (compulsions) that the individual feels driven to perform.

Panic Disorder

A mental health condition characterized by sudden and repeated episodes of intense fear accompanied by physical symptoms.

Anxiety Disorders

A group of mental health disorders characterized by significant fear and anxiety that impair social, occupational, or other important areas of functioning.