16-59 Which of the Following Wholesale Services Offered by FIs

question 103

Multiple Choice

16-59 Which of the following wholesale services offered by FIs to businesses allows the FI to combine the e-mail capabilities of the internet with the FIs ability to process payments electronically through the interbank payment networks?

• A)Electronic data exchange.
• B)E-commerce facilitation.
• C)Electronic billing.
• D)Electronic funds transfer.
• E)Account reconciliation

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Definitions:

Agricultural Products

Items produced through farming and agriculture, including foods, fibers, fuels, and raw materials.

Agricultural Subsidies

Government financial assistance to farmers to supplement their income, stabilize food prices, and ensure a reliable food supply.

Tariffs

Taxes imposed on imported goods and services, which are typically used by governments to regulate trade and protect domestic industries.

Agricultural Imports

Refers to the purchase of food, crops, and other agricultural products from foreign countries to meet domestic demand or supply shortages.