A customer who wanted to directly transfer funds from his or her bank account to a retailer's bank account would use a(n)
A)automated teller machine.
B)electronic funds transfer.
C)check.
D)credit card.

Question

Quizplus · Accepted Answer

The customer would use an electronic funds transfer (EFT) to directly transfer funds from their bank account to the retailer's bank account. This can be done online, through a mobile app, or through other electronic payment options. Automated teller machines (ATMs) are typically used for cash withdrawals and deposits, not direct transfers to another bank account. Checks and credit cards are not direct transfers and involve intermediaries such as a processor or financial institution.

A Customer Who Wanted to Directly Transfer Funds from His