Which of These Refers to an Entity That Processes Checks

question 49

Multiple Choice

Which of these refers to an entity that processes checks and electronic fund transfers for banks and other financial organizations?

• A)Credit unions
• B)Thrifts
• C)Clearinghouse
• D)Trade unions

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Definitions:

GAAP

Generally Accepted Accounting Principles, a set of rules and standards for financial accounting and reporting in the U.S.

Horizontal Analysis

A financial analysis technique that compares historical financial data over a series of periods to identify trends and growth patterns.

Horizontal Analysis

A financial analysis technique that evaluates trends over time by comparing line items in financial statements across successive periods.

Revenue Information

Data regarding the income generated from the sales of goods or services before any expenses are subtracted.