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Briefly describe bounded rationality.What are the three general tendencies influenced by bounded rationality?
Electronic Funds Transfers
The electronic exchange or transfer of money from one account to another, either within a single financial institution or across multiple institutions.
Bank Reconciliation
The process of comparing a company's bank account balance with its financial records to identify discrepancies and ensure accuracy.
Sign Cheques
The action of signing a check as a means of authorizing a bank to transfer funds from the signer's account.
Reconciling Items
Entries that adjust discrepancies between two financial records or accounts, ensuring consistency and accuracy.
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