Certified Payroll Professional Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Certified Payroll Professional Exam with comprehensive flashcards and multiple choice questions. Each question is accompanied by detailed hints and explanations to aid your understanding. Get ready to ace your Certified Payroll Professional Exam!

Start Multiple Choice Practice Test
Start Flash Cards

Practice this question and more.

What is the primary function of the ACH Network?

  1. Overseeing manual check processes

  2. Settling transactions between financial institutions

  3. Approving overtime payments for employees

  4. Verifying employee educational credentials

The correct answer is: Settling transactions between financial institutions

The primary function of the ACH Network is to settle transactions between financial institutions. The Automated Clearing House (ACH) Network is a system that processes electronic payments and transfers such as direct deposits, payroll payments, consumer bills, tax payments, and more. It facilitates the transfer of funds between bank accounts, enabling businesses and individuals to make payments securely and efficiently. Therefore, the correct answer is B. Options A, C, and D are incorrect as they do not reflect the main purpose of the ACH Network. Option A is inaccurate as the ACH Network deals with electronic payments, not manual check processes. Option C is incorrect as the ACH Network is not involved in approving overtime payments for employees. Option D is not related to the functions of the ACH Network as it does not verify employee educational credentials.

More Questions Like This