_____ permit payments such as deposits or withdrawals to be made to and from a bank account by magnetic computer tape.

Question

Quizplus · Accepted Answer

Automated clearinghouses (ACH) are financial networks that facilitate electronic money transfers and automated payments, such as direct deposits and bill payments, between banks using magnetic computer tape or other electronic means, making them the correct choice for this function.

_____ Permit Payments Such as Deposits or Withdrawals to Be