EFT stands for
A) efficient financial transaction.
B) electronic teller transfer.
C) electronic financial transaction.
D) electronic funds transfer.
E) effective funds transfer.

Question

Quizplus · Accepted Answer

EFT stands for electronic funds transfer, which refers to the electronic exchange of money from one account to another, without the need for paper checks or physical money. It is commonly used for transactions such as direct deposit, bill payments, and electronic purchases.

EFT Stands for