Which of the Following Statements BEST Describes How the Automated

question 105

Multiple Choice

Which of the following statements BEST describes how the Automated Clearing House Network (ACH) maintains its integrity as a processor of electronic payments?

• A) The ACH network is an institution within the Federal Bank System and is regulated by strict government standards.
• B) The ACH network is a for-profit company and is regulated by its need to make a profit, which it can only do by strictly regulating itself.
• C) The ACH network is a financial institution and is thus regulated by its obligations to its investors.
• D) The ACH network is a not-for-profit association which launched the Accredited ACH Professional program and established the system's operating rules.
• E) The ACH network is a professional organization to which all financial institutions are obligated to contribute resources and is regulated by the interests of these institutions.

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Definitions:

Ability And Talent

The skills and natural aptitudes individuals possess, which can affect their performance in various activities or professions.

Median Earnings

The middle value of earnings in a given distribution, where half of the workers earn less and half earn more.

Hispanics

A demographic group often referring to people with cultural ties to Spanish-speaking countries, particularly those from Latin America and Spain.

African Americans

A racial or ethnic group in the United States with ancestry from any of the black racial groups of Africa.