Wire Transfers Represent a "Real-Time Transfer of Account Balances

question 2

Multiple Choice

Wire transfers represent a "real-time transfer of account balances." This implies that:

• A)there is no availability float
• B)there is no charge to the user because no time is involved in the transfer processing
• C)there is very large dual balances in the "transferred from" and "transferred to" accounts
• D)the user does not have to keep compensating balances or reserve requirements for deposit accounts from which the transfer takes place

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Definitions:

Negligent Loading

The improper or careless loading of cargo onto a mode of transportation, leading to damage or accidents.

Trailer

A trailer is a large transportable container on wheels, designed to be hauled by a truck or tractor, used for transporting goods or as a mobile living accommodation.

Bailee

A person or entity that has been entrusted with temporary possession, but not ownership, of personal property by another, known as the bailor.

Commercial Aircraft

Airplanes designated for carrying passengers or goods, operated by airlines or cargo carriers, as opposed to military or private aircraft.