Which of the Following Is NOT a Wholesale Banking Service

question 84

Multiple Choice

Which of the following is NOT a wholesale banking service?

• A)Controlled disbursement accounts.
• B)Account reconciliation.
• C)Electronic funds transfer.
• D)Electronic initiation of letters of credit.
• E)Automated teller machines.

---

Definitions:

Binding Contract

An agreement between two or more parties that is enforceable by law, where all parties have agreed to the terms through offer and acceptance.

Contractual Capacity

The legal ability of a person to enter into a binding contract.

Form a Contract

The process of creating a legally binding agreement between two or more parties.

Consideration

The benefit which is bargained for between the parties and is the essential reason for a party entering into a contract.