Choose Among the Following Services Provided by Modern FIs to Answer

question 98

Short Answer

Choose among the following services provided by modern FIs to answer questions 16-90 to 16-103.
-16-96 Allows customers in a network to access FI computers to initiate letters of credit.
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:

Nonwhite Citizens

Individuals who are citizens of a country but do not identify as or are not classified as white.

Hispanic Voters

Individuals of Hispanic or Latino descent who participate in the electoral process, contributing to political decision-making and representation.

Population Growth

The increase in the number of individuals in a population, which can impact socio-economic, environmental, and political aspects of a society.

Increasingly Consider

To give more thought or attention to something over time.