All of the following are examples of electronic funds EXCEPT
A) credit cards.
B) debit cards.
C) ACH transactions.
D) e-money.

Question

Quizplus · Accepted Answer

Credit cards are not a form of electronic funds but rather a type of loan that allows the user to borrow money and pay it back at a later date. The other options, debit cards, ACH transactions, and e-money, are all examples of electronic funds that allow for immediate or near-immediate transfer of funds between accounts.

All of the Following Are Examples of Electronic Funds EXCEPT