A Forward Integration Takes Information Entered into a Given System

question 154

True/False

A forward integration takes information entered into a given system and sends it automatically to all downstream systems and processes.

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Definitions:

Disbursement Float

The time difference between the issuance of a payment and when the funds are actually debited from the payer’s account.

Cheques

A written, dated, and signed instrument that contains an unconditional order directing a bank to pay a definite sum of money to a payee.

Deposit

A sum of money placed or kept in a bank account, often to gain interest.

Balance

Balance refers to the amount of money in a financial account, or the equality between the sum of debits and credits in an account.