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:

Zone Of Proximal Development

The Zone of Proximal Development is a concept in the educational psychology of Lev Vygotsky, describing the difference between what a learner can do without help and what he or she can achieve with guidance and encouragement.

Pretend Play

A form of play among children where they simulate actions and scenarios from the real world, using their imagination and sometimes toys to enact different roles and activities.

Mental Acts

Psychological activities involving cognition, such as thinking, reasoning, and problem-solving, typically occurring within the mind.

Mutual Exclusivity Assumption

The cognitive bias in children to assume that each object only has one name and each name refers to only one object, facilitating language acquisition.