Which One of the Following Statements Is Correct

question 9

Multiple Choice

Which one of the following statements is correct?

• A)Funds received via automated clearinghouse transfers are available that day.
• B)A depository transfer check is the most costly means of transferring funds into a cash concentration account.
• C)The means selected to transfer funds into a concentration account depends primarily upon the size of the transfers.
• D)Concentration accounts are used to transfer funds to lockbox locations as needed.
• E)The most expedient means of transferring funds into a concentration account is a wire transfer.

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Definitions:

Median

The middle value in a data set when the values are arranged in ascending or descending order, providing a measure of central tendency.

Measure Of Central Tendency

A measure of central tendency is a single value that attempts to describe a set of data by identifying the central position within that set, such as the mean, median, or mode.

Population Parameter

A numerical value that represents a characteristic of a population, such as its mean or standard deviation.

Skewed

A description of a distribution that is not symmetrical, with a longer tail on one side of the central peak than the other, indicating that it is either left or right skewed.