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

---

Definitions:

Causality

The relationship between cause and effect, often established through correlation and experimentation.

Outcome Variable

The variable in a study or experiment that is measured to assess the effect of the treatment or intervention.

Intention To Treat

A principle in clinical trials that includes all participants in the groups to which they were originally assigned, regardless of whether they completed the treatment or not, to ensure that the trial results are unbiased and reflect the real-world effectiveness of the treatment.

Causal Effects

The impact of one variable on another variable, determining how changes in one lead to changes in the other.