Question: Financial electronic data interchange (FEDI): Multiple Choice eliminates zero-balance accounts. eliminates the need for lockboxes. was replaced by the Check Clearing Act for the 21st

Financial electronic data interchange (FEDI):

Multiple Choice

  • eliminates zero-balance accounts.

  • eliminates the need for lockboxes.

  • was replaced by the Check Clearing Act for the 21st Century.

  • electronically processes invoices but not fund transfers.

  • reduces float.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Financial electronic data interchange ( FEDI ) : electronically processes invoices but not fund transfers. was replaced by the Check Clearing Act for the 2 1 st Century. eliminates zero - balance...

Q:

Which one of the following statements is true of financial electronic data interchange ( FEDI ) ? It: Multiple Choice electronically processes invoices but not fund transfers. reduces float. was...

Q:

Financial electronic data interchange: Seleccione una: O a. reduces float. O b. eliminates the need for lockboxes. O c. eliminates zero balance accounts. O d. electronically processes invoices but...

Q:

20) 20) Which of the following is not a threat to the revenue cycle shipping process? A) wrong shipping address B) inventory theft C) picking the wrong items D) incomplete orders 21) 21) A picking...

Q:

The use of _ _ _ _ _ technology to transmit payments electronically eliminates the labor - intensive practices and delays involved in processing checks. The use of _ _ _ _ _ technology to transmit...

Q:

Electronic payment data is transmitted through the ________, which is an electronic system serving financial institutions. It facilitates financial transactions in the U.S. Question 29 options: 1)...

Q:

For this assignment, points will be given for each correct placement on the appropriate DFD . Because of the way this is taught in class, this assignment is graded on accuracy and feedback will be...

Q:

Electronic payment data is transmitted through the _____________, which is an electronic system that serves financial institutions and facilitates financial transactions in the United States. Select...

Q:

An organization might implement Kiosk ordering to achieve a number of benefits. Which of the following is NOT a benefit of kiosk ordering? Group of answer choices Elimination of data entry errors...

Q:

Name: Section # ( or time ) Order to Cash: Assignment 3 Words placed in this box apply to the ENTIRE PROCESS: * You should put words here if you think they can apply across the ENTIRE process or if...

Q:

What is the NPV at a discount rate of 6% and the IRR given the following assumptions? Revenue: Costs: Construction will take 2 full years, with the building opening at the start of year 2. Equity:...

Q:

Steve Seller owns raw land he holds for investment located near Fresno, California. Steve has owned the land for 9 months. Relevant information regarding the property is as follows: Land: Fair Market...

Q:

A company is considering two mutually exclusive investment projects, Projects A and B . The crossover rate for these projects is 1 3 percent. Which statement is true?

Q:

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

Q:

Technology. The owner of your company recently purchased two pairs of season tickets for the local symphony orchestra concerts. He will retain one pair of tickets but make the other available to...

Q:

On July 1, you relocated your business from one Detroit suburb to another. A month prior to your move, you phoned your security system provider and notified its representative to cancel your service...

Q:

Technology. Brenda Durwood, one of your employees and president of the Woodland Ski and Snowboard Club,has requested permission to hold the clubs annual Gear Swap fund-raiser in the company parking...