Which of the Following Is Correct About Wire Transfer of Funds

question 73

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 $40,576
• D)Depository transfers should be preferred for amounts exceeding $121,667 Daily interest rate x number of days saved x size of transfer = $20
• )06/365 x 3 x size of transfer = $20

Understand the application and limitations of social skills training in managing social anxiety disorder.

Comprehend the typical age of onset for obsessive-compulsive disorder (OCD) and its implications for diagnosis and treatment.

Know the types of pharmacological treatments effective for managing obsessive-compulsive disorder and their target neurotransmitter systems.

Understand the concept of marginal product and how it changes with additional labor inputs.

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, such as loans, accounts payable, and mortgages.

No-Par Stock

Refers to stocks issued without a specified face value but instead are sold at a price determined by the issuing company.

Credited

Recorded or acknowledged as having received something, often used in financial contexts to indicate an addition to certain accounts.

Selling Price

The price at which a product or service is sold to customers.