Which of the Following Statements Regarding E-Payment Technologies Is True

question 59

Multiple Choice

Which of the following statements regarding e-payment technologies is true?

• A)an advantage to the payer is that float is eliminated
• B)approximately 50% of all business payments in the US use this technology
• C)e-payments are settled through the ACH network, by wire transfer, or by credit card
• D)the cost of paying an invoice is about $.75 when using e-payments

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Definitions:

Social Security

A government program that provides pensions, disability insurance, and benefits to retirees, their dependents, and disabled workers.

Welfare Benefits

Government-provided assistance programs aimed at supporting the well-being of individuals and families in need.

Grants

These are non-repayable funds or products disbursed or given by one party, often a government department, corporation, foundation or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business or an individual.

Unemployment Compensation

Unemployment Compensation is financial assistance given to individuals who have lost their jobs involuntarily, providing them with temporary financial support.