Electronic funds transfers are used to
A) reduce the risk of lost or stolen cheques.
B) reduce the cost of making payments by cheque.
C) used to make payroll payments to employees.
D) all of the above

Question

Quizplus · Accepted Answer

Electronic funds transfers are a secure and cost-effective way to make payments without the risk of lost or stolen cheques. They are commonly used to make payroll payments to employees and can also reduce the overall cost of making payments compared to traditional methods like cheques. Therefore, all of the given options - A, B, and C - are correct.

Electronic Funds Transfers Are Used to