Which of the Following Is Not a True Statement About

question 74

Multiple Choice

Which of the following is not a true statement about automated clearinghouses (ACHs) ?

• A) Automated clearinghouses are responsible for the check clearing process between commercial banks and the Federal Reserve Banks.
• B) Commercial transactions using automated clearinghouses have been growing at close to 17% per year since 1989.
• C) Debits drawn on automated clearinghouses cost less than half that of checks processed through financial institutions.
• D) The ability to reduce transactions costs and create convenience is driving the growth of automated clearinghouses.

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Definitions:

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond with the sex they were assigned at birth.

Cultural Constructions

The ways in which cultures are understood, created, and perpetuated through social practices, beliefs, and institutions.

Transgender

Individuals whose gender identity or expression differs from the sex they were assigned at birth.

Consistent Gender Identity

A stable sense of one's gender over time, which aligns with one's gender expression or assigned sex.