Which of the Following Is NOT a Wholesale Banking Service

question 84

Multiple Choice

Which of the following is NOT a wholesale banking service?

• A)Controlled disbursement accounts.
• B)Account reconciliation.
• C)Electronic funds transfer.
• D)Electronic initiation of letters of credit.
• E)Automated teller machines.

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Definitions:

Colonial Products

Goods and commodities that were traditionally produced in colonies, such as tea, sugar, coffee, and spices, often exploited for economic gain by colonial powers.

Yamasee War

The Yamasee War was a conflict between colonial South Carolina and several Native American tribes, including the Yamasee, in 1715-1717, partly due to disputes over trade and territory.

Indian Tribes

Indigenous groups in the United States, recognized as sovereign entities with their own governance and cultural practices.

Carolinas

Refers to the region comprised of the U.S. states North Carolina and South Carolina, originally established as a single British colony.