Which of the following methods of allocating service department costs results in the most accurate product cost()
A. Direct method
B. Step method
C. Reciprocal method
D. Activity-based costing method
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What services are provided by correspondent bank()
A. Collecting checks, drafts, and other credit instruments
B. Making credit investigation of firms that borrow in the open market
C. Providing banks with foreign exchange facilities, including commercial and traveler’s checks
D. Providing banks with funds/loans in case of need
What is the advantage of netting payment system()
A. efficient
B. secure
C. less settlement risks
D. more powerful processing capacities
international settlements serve for()
A. goods trade
B. service trade
C. financial transactions
D. payments between governments
Transfer payments are payments by()
A. gold
B. cash
C. silver
D. financial instruments