Which of the Following Wholesale Services Offered by FIs Allows

question 39

Multiple Choice

Which of the following wholesale services offered by FIs allows businesses to transfer and transact invoices, purchase orders, and shipping notices automatically?

• A)Electronic data exchange.
• B)E-commerce facilitation.
• C)Electronic billing.
• D)Electronic funds transfer.
• E)Account reconciliation.

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Definitions:

Water Soluble

The ability of a substance to dissolve in water, forming a homogenous mixture.

Compound

A material composed of multiple elements chemically combined in a specific proportion.

Soluble

The ability of a substance to dissolve in a solvent, forming a homogeneous solution.

Hydrocarbon Alkane

Saturated hydrocarbons consisting only of single bonds between carbon atoms, with a general formula of CnH2n+2.