Examlex
Choose among the following services provided by modern FIs to answer questions 16-90 to 16-103.
-16-93 Automating the information flow associated with the procurement and distribution of goods and services between businesses.
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.
Loanable Funds Market
A theoretical market where borrowers and lenders interact, determining the market interest rate based on the supply and demand for loanable funds.
Say's Law
An economic theory suggesting that the production of goods creates its own demand, essentially asserting that "supply creates its own demand."
Real Balances Effect
The impact on consumer purchasing power resulting from a change in the price level, affecting real income and consumption.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy, often used as a measure of inflation.
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