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Describe how group polarization and groupthink can affect decision making by groups.Discuss how these two effects can be overcome.
Oral Stop Payment Order
A verbal instruction to a financial institution to not pay out or process a specific check or transaction.
Electronic Fund Systems
Systems that enable the electronic transfer of money from one bank account to another without the direct involvement of bank staff.
Automated Teller Machines
Electronic banking outlets that allow customers to complete transactions without the need for a branch representative.
Direct Deposits
Direct Deposits involve the electronic transfer of a payment directly from the account of the payer to the recipient's account, commonly used for payroll or benefit disbursements.
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