Michael Wood Logs into His Citibank Checking Account Each Week

question 34

Short Answer

Michael Wood logs into his Citibank checking account each week and uses their Website to pay any bills he has received. The money is transferred from his checking account to the merchants or individuals he wants to pay. Michael is using the ____________________ method of paying bills over the Internet.

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Definitions:

Unionized

Describes a workforce or an organization where employees are members of a union, which negotiates terms of employment on their behalf.

Unionized Employer

An employer whose workforce is represented by a union or labor organization, which negotiates wages, working conditions, and other employment terms.

Investment Expenditures

Spending on capital goods that will be used for future production, including assets like equipment, buildings, and machinery.

Profits Transfer

The reallocation of profits from one entity to another, often seen in corporate structures or international transactions to optimize tax liabilities.