Electronic funds transfer:
A)Uses paper checks
B)Uses some paper checks
C)Does not use paper checks
D)Is a manual transfer system
E)None of these

Name: Electronic funds transfer: A)Uses paper checks B)Uses some paper checks C)Does not use paper checks D)Is a manual transfer system E)None of these
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Question

Quizplus · Accepted Answer

Electronic funds transfer (EFT) is a system of transferring money from one bank account directly to another without any paper transactions. EFT does not require physical paper checks for the transaction.

Electronic Funds Transfer