A Customer Is Instructed to Send His Remittance Advice and Check

question 23

Multiple Choice

A customer is instructed to send his remittance advice and check to a bank's postal address.This method for collecting customer cash receipts is called:

• A)electronic funds transfer
• B)automated clearing house
• C)Check 21
• D)lockbox

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Definitions:

Just World Hypothesis

The cognitive bias that assumes good things happen to good people and bad things happen to bad people, reflecting a need to believe in a fair and just world.

Self-Esteem

A person's overall subjective emotional evaluation of their own worth, involving attitudes and feelings of self-acceptance and self-respect.

Empathy

The ability to understand and share the feelings of another person from their perspective, often leading to compassion and support.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.