All of the Following Are True About Electronic Funds Transfers

question 18

Multiple Choice

All of the following are true about electronic funds transfers except:

• A) sometimes involve the Federal Reserve sending electronic images of checks to banks.
• B) occur when banks or individuals deposit/withdraw from one bank account to another electronically.
• C) include automated clearinghouse transactions (ACH).
• D) include credit card payments made online.

Understand the impact of segment margins and common fixed expenses on overall net operating income.

Differentiate and calculate the effects of traceable and common fixed expenses on divisional and corporate financial performance.

Analyze and interpret financial data relating to operations, including production and sales data.

Understand the concept of contribution margin and its impact on net operating income.

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Interest Rate

The percentage of a loan charged to the borrower as interest, usually presented as an annual rate of the remaining loan balance.

Present Value

The calculated present value of a prospective sum of money or cash flow stream, utilizing a given rate of return.

Land

In economics, land refers to all natural resources used to produce goods and services, including not just real estate but also agricultural land, forests, and mineral resources.