In an Electronic Input System Requiring Human Intervention,the Main Processing

question 85

Multiple Choice

In an electronic input system requiring human intervention,the main processing phases and their proper sequence are

• A) (1) data input and (2) data editing.
• B) (1) data editing and (2) data input.
• C) (1) data input and editing, and (2) transfer to the host application system.
• D) (1) data input, (2) transfer to the host application system, and (3) data editing.

---

Definitions:

Negative Excess Reserves

Refers to a situation where a bank's actual reserves fall short of the required reserves; although not typical, it would indicate financial stress or unusual circumstances.

Discount Rate

The rate at which the Federal Reserve lends to commercial banks and other depository institutions through its discount window.

Federal Funds Rate

The interest rate at which depository institutions lend reserve balances to other depository institutions overnight on an uncollateralized basis.

Real Interest Rate

The interest rate adjusted for inflation, reflecting the true cost of borrowing or real yield on savings.