Automated Clearinghouses Are Commonly Used by Consumers to Make Direct

question 98

Multiple Choice

Automated clearinghouses are commonly used by consumers to make direct payments for

• A) insurance premiums.
• B) mortgage payments.
• C) utility bills.
• D) All of the options are true.

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Definitions:

Targeted Rate

A specific goal or benchmark rate set for performance, financial returns, or other measurable outcomes.

Mental Steps

The cognitive processes or mental activities involved in problem-solving or decision-making.

Salesperson

An individual who sells products or services to customers, aiming to meet customer needs and achieve sales targets.

Marketing Plan

A comprehensive document outlining a company's advertising and marketing efforts for a specific period.