Some Online Merchants Accept Direct Deductions from Customers' Checking Accounts

question 31

Multiple Choice

Some online merchants accept direct deductions from customers' checking accounts which are done through a network of banks called the _____.

• A) Automated Cash Holding
• B) acquiring banks
• C) Automated Clearing House
• D) issuing banks

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Definitions:

Deductive Reasoning

A logical process where a conclusion follows necessarily from the stated premises, moving from the general to the specific.

Concept

Any abstract characteristic or attribute that has the potential to be measured.

Indicator Variables

Variables, often used in statistical models, that take on a value of 0 or 1 to indicate the absence or presence of a categorical effect that may impact the result.

Validity

The degree to which an indicator accurately measures or reflects a concept.