The Use of Automated Clearinghouses (ACHs) Saves Money for Consumers

question 78

True/False

The use of automated clearinghouses (ACHs) saves money for consumers, corporations, and financial institutions by reducing transaction costs.

---

Definitions:

Intelligent

refers to the ability to learn, understand, and apply knowledge, reasoning, and problem-solving.

Dependable

Describes something or someone reliable, trustworthy, and consistent in performance or behavior.

Social Situations

Scenarios involving interactions between individuals or groups within a societal context.

Situational Model

A theory or approach suggesting that the effectiveness of leadership, strategies, or decisions depends on specific situational factors.