Which of the Following Is Correct About Wire Transfer of Funds

question 27

Multiple Choice

Which of the following is correct about wire transfer of funds, given that wire transfer saves three days, the annual interest rate is 6 percent, and the cost of wire transfer is $20?

• A)wire transfers should be preferred for amounts exceeding $2,400
• B)depository transfer cheques should be preferred for amounts under $121,667
• C)wire transfers should be preferred for amounts exceeding $40,556
• D)depository transfers should be preferred for amounts exceeding $121,667

Understand the application of drive-reduction theory in explaining human behavior.

Explain how physiological needs lead to motivated states.

Identify situations where arousal theory explains human motivation.

Explain the Yerkes-Dodson law and its implications for performance and arousal levels.

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Definitions:

Donee Beneficiary

A third party who benefits from a contract between two other parties, where the intent is to gift the benefit to the third party.

Third-Party

An entity that is involved in a transaction or legal matter indirectly, separate from the two principal parties directly involved.

Promise

An assurance given by one party to another agreeing to do or not do something in the future.

Insolvent

Refers to the condition of an individual or entity that cannot pay its debts when they are due.