Indirect transfer of funds occurs through: _____.
A) financial institutions
B) financial markets
C) personal checks
D) both a and b

Question

Quizplus · Accepted Answer

Indirect transfer of funds can occur through financial institutions, such as banks and credit unions, and financial markets, such as stock and bond markets. Personal checks are a form of direct transfer and do not fall under indirect transfer. Therefore, option D is the correct answer as it includes both financial institutions and financial markets.

Indirect Transfer of Funds Occurs Through: _____