Which of the Following Statements Is True of Wire Transfers

question 26

Multiple Choice

Which of the following statements is true of wire transfers?

• A) Article 4A of the UCC, which covers wire transfers, includes consumer payments that are covered by the Electronic Funds Transfer Act (EFTA).
• B) International wire transfer systems are known as "Fedwire."
• C) The Federal Reserve operates a domestic wire transfer system that can be made through New York Clearinghouse Payments System (CHIPS).
• D) Electronic funds transfers between business and financial institutions are generally referred to as wholesale wire transfers.

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Definitions:

Sinus Infections

Inflammation or infection of the air cavities within the passages of the nose, which can lead to facial pain, headache, and nasal congestion.

Visceroreceptors

Sensory receptors located within internal organs that detect changes and transmit sensory information to the nervous system.

Proprioceptors

Sensory receptors found in muscles, tendons, and joints that provide information about body position and movement.

Internoreceptors

Sensory receptors located within the body that detect internal body sensation, such as from the viscera or blood vessels.