Choose Among the Following Services Provided by Modern FIs to Answer

question 97

Multiple Choice

Choose among the following services provided by modern FIs to answer questions 16-90 to 16-103.
-16-94 Providing for the transmission of invoices,purchase orders,and shipping notices automatically using FIs as clearinghouses.

• 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:

Proximal Phalanx

The proximal phalanx refers to the bone in the finger or toe that is closest to the hand or foot, forming part of the skeletal structure of each digit.

Distal Phalanx

The bone at the tip of a finger or toe, farthest from the body's main structure.

Metacarpal

The metacarpal bones are the five long bones in the hand that connect the wrist to the fingers.

Radial Notch

A small depression or notch located on the ulna bone that articulates with the head of the radius, enabling the rotation of the forearm.