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Which type of governmental transfer of funds gives states the most latitude in the use of the money?
Wiki User
∙ 10y ago
Block Grant.
Wiki User
∙ 10y ago
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One of the drawbacks of electronic funds transfer is?
One drawback of electronic funds transfer is the potential for security breaches and fraud, as hackers may attempt to intercept sensitive financial information during the transaction process. Additionally, technical glitches or system failures can temporarily disrupt the transfer of funds, causing inconvenience for both the sender and recipient.
What happens to a Canadian riff when owner dies?
When a Canadian RRIF owner dies, the RRIF funds are usually paid out to the beneficiary named by the deceased owner. The beneficiary can choose to receive the funds as a lump sum, periodic payments, or transfer the RRIF funds to their own RRIF if they are a qualified beneficiary. Taxes may be owed on the RRIF funds depending on the beneficiary's relationship to the deceased owner and the amount of the funds.
What is a wire disbursement?
A wire disbursement is the electronic transfer of funds from one account to another via a wire transfer. This is commonly used for fast and secure same-day transactions between financial institutions or parties.
What are capital appreciation funds also called?
Capital appreciation funds are also commonly referred to as growth funds. These types of funds aim to achieve capital growth by investing in securities with the potential for high returns.
What is the limit on repatriation of NRE deposits?
There is no limit on repatriation of NRE (Non-Resident External) deposits, meaning you can freely transfer the funds back to your home country. However, there are certain guidelines and procedures that need to be followed as per RBI regulations.
What does ctx mean in banking terms?
In banking terms, CTX refers to Corporate Trade Exchange. CTX is a transfer system used corporations and governmental agencies. The CTX format allows for a payment to several parties with a single funds transfer.
What message types are used for funds transfer?
SWIFT messages are used for funds transfer.
how do I set up electronic funds transfer?
how do I set up electronic funds transfer
Why are there no capital assets in governmental type funds?
There are no capital assets in governmental-type funds because those funds account only for inflows and outflows of financial resources. Governmental-type funds can be used and indeed are used to acquire capital assets. When that happens, however, the accounting within the funds is such that there is an expenditure of financial resources, rather than an exchange of a financial resource for a capital asset. Capital assets are reported in government-wide financial statements, but not in fund financial statements.
How long does a NEFT transfer take from one UK to another India bank?
NEFT Stands for National Electronic Funds Transfer. This facility is available only for funds transfer within India from one bank to another. This facility is not available for international funds transfer. If you wish to transfer money from UK to India, use an international wire transfer or other money remittance options available to transfer funds from abroad to India.
Can you transfer money from one PSN account to another?
No, the terms and regulations of the playstation network that you agree to, clearly states that you are not allowed to refund or transfer any funds from your account to any other.
Can you transfer money from the U S Bank Of America to a Brazil account?
Yes, you can transfer money from a Bank of America account in the United States to an account in Brazil. You would perform what is called an international wire transfer of funds.
What is cft?
Credit Funds Transfer
What is NEFT code?
NEFT stands for National Electronic Funds Transfer. It is an electronic funds transfer service that is available for the citizens of India to transfer funds electronically from one bank to another. All banks have a unique NEFT code using which the bank name and the branch can be identified. Whenever you initiate a funds transfer request using NEFT, the NEFT code of the bank which is supposed to receive the funds is mandatory.
What are governmental fiduciary funds?
Fiduciary funds are those used to account for funds held by the government in trust for others that cannot be used to support the government's programs, for example, an employee pension fund.
What is the difference between agency funds and governmental funds?
Trust Funds are set up as legal entities for the benefit of a particular group or named beneficiary. Trust relationships are generally established through formal trust agreements. Governments have more of a degree of involvement in decision-making for trust agreements. Agency Funds are used to account for funds held by a government temporally for individuals, private organizations, and/or other governmental units. The fund assets are offset by liabilities equal in amount; no fund equity exists. It has an indefinite term which means that while assets continue to be collected or held for others. Both funds are often identifies in governmental financial reports for fiduciary funds
Which financial institute has the fastest electronic funds transfer?
The fastest way to transfer funds electronically is by a CHAPS transfer, which sees the funds move instantly from one account to another. Almost all commercial and retail banks will offer this service, usually for a fee.
