Banking and retail industries increasingly employ __________, in which all financial transactions are done electronically.
A) electronic data interchange (EDI)
B) electronic funds transfer (EFT)
C) wide-area networks (WAN)
D) local-area networks (LAN)
E) electronic commerce

Question

Quizplus · Accepted Answer

Electronic funds transfer (EFT) is the system used for electronic transactions in banking and retail, allowing for the transfer of money without the need for physical exchange.

Banking and Retail Industries Increasingly Employ __________, in Which All