The Automated Clearing Settlement System (ACSS)________

question 42

Multiple Choice

The Automated Clearing Settlement System (ACSS) ________.

• A) is the core of the Canadian payments system
• B) is an electronic net settlement network designed to provide settlement to wholesale transactions
• C) is an electronic net settlement network designed to provide settlement to paper-based payment items
• D) Only A and B of the above.

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Definitions:

Price-Setting Methods

Various strategies and techniques businesses use to determine the selling price of their goods or services.

Variable Cost Method

An accounting method where product costs include variable expenses, changing with the level of output, but exclude fixed costs.

Markup Per Unit

The sum added onto the purchase price of products to account for overhead costs and generate profit.

Unit Selling Price

The amount of money charged to the customer for a single unit of product or service.