Which of the Following Statements About ACH Transactions Is False

question 76

Multiple Choice

Which of the following statements about ACH transactions is false?

• A)They reduce the likelihood of missed payments.
• B)They reduce transactions costs associated with check processing.
• C)They reduce the costs that lenders incur in notifying customers of missed payments.
• D)They typically involve digital cash.

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Definitions:

Output

The quantity of goods or services produced by a company, sector, or economy.

Diminishing Marginal Product

A principle stating that as additional units of a variable input are added to a fixed input, the marginal product of the variable input eventually decreases.

Production Function

Describes the relationship between inputs used in production and the resulting output.

Positive

Characterized by or denoting an occurrence or condition that is affirmatively present or beneficial, often used in the context of positive effects or outcomes.