An entity that processes checks and electronic fund transfers for banks and other financial organizations is called a ________.

A. float
B. credit union
C. bearer
D. clearinghouse


Answer: D

Business

You might also like to view...

A company with 100,000 authorized shares of $4 par common stock issued 50,000 shares at $9 . Subsequently, the company declared a 2% stock dividend on a date when the market price was $10 a share. The effect of the declaration and issuance of the stock dividend is to

a. decrease retained earnings, increase common stock, and increase paid-in capital b. increase retained earnings, decrease common stock, and decrease paid-in capital c. increase retained earnings, decrease common stock, and increase paid-in capital d. decrease retained earnings, increase common stock, and decrease paid-in capital

Business

How do consumers use reference prices?

What will be an ideal response?

Business

________ refers to the decision-making process by which formal organizations establish the need for purchased products and services and identify, evaluate, and choose among alternative brands and suppliers

A) Marketing channels B) Organizational buying C) Corporate retailing D) Brand auditing E) Inventory control

Business

According to the information provided in Table 12-5, which presents the solution for a queuing problem with a constant service rate, what percentage of available service time is actually used?

A) 0.217 B) 0.643 C) 0.321 D) 0.179 E) None of the above

Business