Which of the Following Statements Is NOT True

question 28

Multiple Choice

Which of the following statements is NOT true?

• A)The Federal Reserve operates the Fedwire electronic payments system while CHIPS is a private network.
• B)Fedwire is used to transfer funds from the Fed to the banking system while CHIPS is used to make interbank funds transfers.
• C)The Fed guarantees all payments on Fedwire while CHIPS transfers are provisional until settlement.
• D)Large daylight overdrafts are incurred on both Fedwire and CHIPS.

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Definitions:

Pay Structure

The system or arrangement outlining how employees are compensated, including salary ranges, grades, and levels, based upon their role, experience, and performance.

Benchmarking

The process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.

Pay Structure

A framework for systematically organizing and categorizing an organization's salaries, wages, and pay grades.

Equity Theory

A theory of motivation proposing that individuals are most motivated when they perceive their treatment in terms of rewards and contributions to be equal to others'.