An Entity That Processes Checks and Electronic Fund Transfers for Banks

question 46

Multiple Choice

An entity that processes checks and electronic fund transfers for banks and other financial organizations is called a _____.

• A) credit union
• B) clearinghouse
• C) float
• D) bearer

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Definitions:

Valence

In psychology, refers to the intrinsic attractiveness (positive valence) or averseness (negative valence) of an event, object, or situation.

Specific, Challenging

Goals that are clear and precise, requiring effort and commitment to achieve, and are often motivating.

Expectancy Theory

A motivation theory that suggests an individual's motivation is influenced by their expectation that their effort will lead to desired performance and that performance will lead to a desired reward.

First Level Outcome

The immediate results or effects that are directly attributable to a specific action or intervention.