The Competitive Equality Banking Act

question 51

Multiple Choice

The Competitive Equality Banking Act:

• A)allowed intermediary banks to become clearinghouses.
• B)includes a requirement that collecting banks give provisional credit to its subagents.
• C)has expedited the availability of funds.
• D)None of the above.

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Definitions:

Performance Goals

Objectives centered around achieving a specific standard of proficiency on a task, often within a set timeframe.

Intrinsic Pleasure

A sense of satisfaction or joy derived from engaging in an activity for its own sake, rather than for some external reward.

Intrinsic Satisfaction

A sense of fulfillment or joy derived from within oneself, not dependent on external factors.

Extrinsic Rewards

Rewards that come from outside an individual, such as money, praise, or awards, which motivate behavior.