Choose Among the Following Services Provided by Modern FIs to Answer

question 78

Short Answer

Choose among the following services provided by modern FIs to answer questions 16-90 to 16-103.
-16-101A centralized collection service for corporate payments to reduce the delay in check clearing.
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:

Biological Parents

The term refers to the two individuals whose genetic material a child inherits; typically, it means the mother who gave birth to the child and the father whose sperm fertilized the mother's egg.

Relative

A person connected by blood or marriage, such as a sibling, parent, cousin, or spouse.

Biological

Pertaining to the science of life and living organisms, focusing on their structure, function, growth, evolution, and distribution.

Sexual Preference

Refers to an individual's pattern of physical, romantic, and/or emotional attraction to others, based on gender.