Which of the Following Wholesale Services Offered by FIs Allows

question 39

Multiple Choice

Which of the following wholesale services offered by FIs allows businesses to transfer and transact invoices, purchase orders, and shipping notices automatically?

• A)Electronic data exchange.
• B)E-commerce facilitation.
• C)Electronic billing.
• D)Electronic funds transfer.
• E)Account reconciliation.

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Definitions:

Medical Technology

The devices, procedures, and software used for the diagnosis, treatment, and monitoring of health conditions.

Hospice Clients

Patients receiving hospice care, which is aimed at providing comfort and support to individuals in the final phase of a terminal illness, focusing on quality of life rather than cure.

Medicare

A federal health insurance program in the USA for people aged 65 or older, certain younger people with disabilities, and individuals with End-Stage Renal Disease.

Private Insurance

Insurance provided by private entities as opposed to government-run programs, offering protection against various risks like health issues, property damage, or liability in exchange for premiums.