Carlos pays his cable bill using his bank's internet banking web site to withdraw funds from his checking account. This transaction is a(n):

Name: Carlos pays his cable bill using his bank's internet banking web site to withdraw funds from his checking account. This transaction is a(n):
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This transaction is an example of an automated clearinghouse (ACH) transaction, which is a type of electronic funds transfer (EFT) that allows funds to be transferred between bank accounts.

Carlos Pays His Cable Bill Using His Bank's Internet Banking