Examlex
Electronic data interchange (EDI) is an effort to help phase out paper claims except under extensive appeal circumstances. The result of this initiative is which of the following?
Nearest Cent
Rounding a monetary amount to the closest one-hundredth of a currency unit.
Future Value
The value of an investment or asset at a specific future date, considering factors like interest rates or earnings growth.
Nearest Cent
The process of adjusting a monetary amount to the closest one-hundredth of the currency unit, typically a dollar.
Four-Figure Accuracy
A measurement precision indicating that a value is accurate to the nearest thousand, often important in geographical locations or scientific measurements.
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