Electronic funds transfer
A) can be used for a one-time payment but not for regular monthly payments
B) is the use of a computer network to transfer funds from one party to another
C) is used for transactions between companies only
D) all the above

Question

Quizplus · Accepted Answer

Electronic funds transfer (EFT) is the use of a computer network to transfer funds from one party to another. It can be used for both one-time and regular monthly payments, and is not limited to transactions between companies only.

Electronic Funds Transfer