Since the End of World War II, the Number of IGOs

question 47

Multiple Choice

Since the end of World War II, the number of IGOs in the world has increased more than ______-fold.

• A) three
• B) four
• C) five
• D) six

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Definitions:

Bank Collections

The process of banks acting as intermediaries to collect and process payments, such as checks or drafts, on behalf of clients.

Credit Memorandum

A document issued by a seller to acknowledge a reduction in the amount that a buyer owes, often due to a return or refund.

Cash Account

An account reflecting the amount of cash available, including all receipts and payments of cash.

Bank Statement

A report sent by a bank to a customer indicating the previous balance, ATM transactions, nonsufficient funds, individual checks processed, individual deposits received, service charges, and ending bank balance.