All of the following are true about electronic funds transfers except:
A) Sometimes involve the Federal Reserve sending electronic images of checks to banks
B) Occur when banks or individuals deposit/withdraw from one bank account to another electronically
C) Include automated clearinghouse transactions (ACH)
D) Include credit card payments made online
Correct Answer:
Verified
Q21: Most of the non-cash retail payments made
Q22: Gold would be a superior commodity money
Q24: An individual who stores wealth in art
Q25: Which of the following statements is most
Q27: In comparing money to a share of
Q28: Carlos pays his cable bill using his
Q29: An advantage that money has over other
Q30: The fact that U.S.currency is legal tender
Q31: As a result of "Check 21-The Check
Q38: U.S.currency is:
A)A commodity money
B)Fiat money
C)Tied to the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents