An Advantage of E-Checks Is That They

question 80

Multiple Choice

An advantage of e-checks is that they:

• A)involve simple processing systems.
• B)operate outside the traditional banking industry.
• C)contain much more information then traditional paper checks.
• D)fit current business practices,and so require little process reengineering.

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Definitions:

Future Earnings

The projected income a person or entity will receive from work or investments in the future.

Migration

The movement of people from one place to another, often across political boundaries, for the purpose of settling temporarily or permanently.

Wage Rate

The amount of money paid to an employee for a specific amount of work, typically expressed per hour or year.

Value Of The Total Product

The total market value of all goods and services produced by an economy over a specific period.