Which of the following statements about ACH transactions is false?
A)They reduce the likelihood of missed payments.
B)They reduce transactions costs associated with check processing.
C)They reduce the costs that lenders incur in notifying customers of missed payments.
D)They typically involve digital cash.

Question

Quizplus · Accepted Answer

ACH transactions do not typically involve digital cash. They involve the electronic transfer of funds between bank accounts, without the need for paper checks or physical cash.

Which of the Following Statements About ACH Transactions Is False