As a Result of the Reigle-Neal Act, Bank Customers Have

question 44

True/False

As a result of the Reigle-Neal Act, bank customers have benefited because of lower costs to banks and because of convenience.

Acknowledge the effects of public and private negotiations on making concessions.

Realize the strategic use of media relations to influence negotiation outcomes.

Learn the implications of constituency management and communication strategies on negotiation processes.

Understand the role and impact of constituencies in negotiation processes.

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Definitions:

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.

Invoice

A document sent by a seller to a buyer, outlining the goods or services provided, their prices, and the total amount owed.

EOM

End of Month, referring to any activity, measurement, or payment scheduled to occur on the last day of a month.

Outstanding Balance

The total amount of money owed on a loan, credit card, or mortgage that is yet to be paid.