The following are the main methods that firms use to send and receive money electronically:

Question

Quizplus · Accepted Answer

All of the choices are commonly used methods for electronic money transfer in businesses. Direct payments are when a company initiates a transfer of funds to a recipient's account, while direct deposits are when funds are automatically deposited into an account. Wire transfers involve the electronic transfer of funds between banks or financial institutions. All of these methods can be efficient and secure ways for businesses to send and receive money electronically.

The Following Are the Main Methods That Firms Use to Send