Which One of the Following Types of Wire Transfers Is

question 23

Multiple Choice

Which one of the following types of wire transfers is probably the fastest method to remit payment but is plagued with efficiency challenges globally?

• A)bank-to-bank
• B)subsidiary-to-subsidiary
• C)U.S.bank
• D)U.K.bank

---

Definitions:

Specific Identification Method

a method in inventory management and accounting that tracks the cost of specific items of inventory, often used for unique or high-value items.

Purchase Invoice

A document received by a buyer from a seller, detailing the products or services purchased and the amounts due.

Net Realizable Value

The estimated selling price of an asset in the ordinary course of business minus any costs expected to be incurred in completing, transporting, and selling it.

Damaged Goods

Items that are broken, defective, or otherwise impaired, often resulting in reduced value or the need for disposal.