The _____________________is the way funds are transferred to complete exchanges.
A)payments mechanism
B)clearing of checks by the Fed
C)electronic funds transfer
D)point-of-sale terminal

Question

Quizplus · Accepted Answer

The payments mechanism refers to the process or method by which funds are transferred to complete exchanges. This can include electronic funds transfer or the clearing of checks by the Fed, but the payments mechanism encompasses the entire process. Point-of-sale terminals are just one type of technology that can be used in the payments mechanism.

The _____________________Is the Way Funds Are Transferred to Complete Exchanges