Which of the Following Statements About ACH Transactions Is FALSE

question 43

Multiple Choice

Which of the following statements about ACH transactions is FALSE?

• A) They reduce the likelihood of missed payments.
• B) They reduce transactions costs associated with check processing.
• C) They reduce the costs that lenders incur in notifying customers of missed payments.
• D) They typically involve digital cash.

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Definitions:

Trade Barriers

Measures implemented by governments or economic entities to restrict or control the exchange of goods and services across borders, which can be in the form of tariffs, quotas, or regulations.

International Trading

The exchange of goods, services, and capital across international borders and territories.

Air Freight

The transportation of goods by aircraft, a fast but usually more expensive mode of shipping compared to road or maritime transport.

Coastal Ports

Harbors or docks located along the coastlines that serve as points for the arrival and departure of ships and goods.