Choose Among the Following Services Provided by Modern FIs to Answer

question 73

Short Answer

Choose among the following services provided by modern FIs to answer questions 16-90 to 16-103.
-16-98 The transmission of payments and payment messages by CHIPS,SWIFT,Fedwire,etc.
A)Account reconciliation.
B)Assisting small business entries into e-commerce.
C)Check deposit services.
D)Controlled disbursement accounts.
E)Electronic billing.
F)Electronic data interchange.
G)Electronic funds transfer.
H)Electronic initiation of letters of credit.
I)Electronic lockbox.
J)Facilitating business-to-business e-commerce.
K)Funds concentration.
L)Treasury management software.
M)Verifying identities.
N)Wholesale lockbox.

• A)Account reconciliation.
• B)Assisting small business entries into e-commerce.
• C)Check deposit services.
• D)Controlled disbursement accounts.
• E)Electronic billing.
• F)Electronic data interchange.
• G)Electronic funds transfer.
• H)Electronic initiation of letters of credit.
• I)Electronic lockbox.
• J)Facilitating business-to-business e-commerce.
• K)Funds concentration.
• L)Treasury management software.
• M)Verifying identities.
• N)Wholesale lockbox.

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Definitions:

Motor Cortex

The motor cortex is a region of the brain involved in the planning, control, and execution of voluntary movements.

Frontal Lobes

Regions of the brain located at the front of each cerebral hemisphere, associated with reasoning, motor skills, higher level cognition, and expressive language.

Voluntary Movements

Movements that are consciously controlled by the brain, involving coordination and motor skills.

Parietal Lobes

Regions of the brain located behind the frontal lobes, involved in processing sensory information such as touch, temperature, and body position.