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 (EFT) are used for various purposes including reducing the risk of lost or stolen checks, reducing the cost associated with making payments by check, and facilitating payroll payments to employees.

Electronic Funds Transfers Are Used to