Solved

Banks Prefer That Customers Use an Electronic Funds Transfer System

Question 262

Multiple Choice

Banks prefer that customers use an electronic funds transfer system rather than traditional methods of payment because


A) traditional payments are subject to regulation by the Fed and electronic transactions are not.
B) electronic funds are subject to a smaller reserve requirement than traditional funds.
C) electronic funds transfer is more efficient and less expensive for banks than traditional check-based payments.
D) the bank generates advertising revenue from its website.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents