EFT Involves

question 40

Multiple Choice

EFT involves:

• A) Direct deposit.
• B) A computer.
• C) Electronic transfer of funds.
• D) All of the above.

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Definitions:

Investment Carrying Amount

The value at which an investment is recognized in the balance sheet after deducting any impairment or amortization.

Markup

The difference between the cost of a good or service and its selling price, expressed as a percentage over the cost.

Management Fee

A charge levied by an investment manager for managing an investment fund.

Fair Value Gain

Positive changes in the fair market value of investments or assets, reflecting increased worth.