Banks Use _____, Which Are Electronic Transmissions of Account Exchange

question 15

Multiple Choice

Banks use _____, which are electronic transmissions of account exchange information over private communications' networks.

• A) wire transfers
• B) machine translations
• C) data analytics
• D) big data

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Definitions:

Price-Consumption Curve

A curve that shows how a consumer's optimum basket varies with changes in the price of a good, holding other factors constant.

Shifting Demand Curve

A shifting demand curve occurs when there is a change in a non-price factor, such as consumer preference or income, altering the quantity demanded at any given price.

Price-Consumption Curve

A graphical representation that shows the combination of two goods that a consumer can purchase at different prices, keeping utility constant.

Utility

A measure of satisfaction or happiness that a consumer derives from consuming goods and services.