Which of the following is true regarding types of electronic fund systems?
A) Automated teller machines, pay-by-telephone systems, point-of-sale systems, and direct deposits are all types of electronic fund systems.
B) An automated teller machine is a type of electronic fund system; but pay by telephone systems, point-of-sale systems, and direct deposits are not types of electronic fund systems.
C) Automated teller machines and pay-by-telephone systems are types of electronic fund systems; but point-of-sale systems, and direct deposit systems are not types of electronic fund systems.
D) Automated teller machines and point-of-sale systems are types of electronic fund systems; but neither a direct deposit system nor a pay-by-telephone system is a type of electronic fund system.
E) Automated teller machines, point-of-sale systems, and direct deposits are all types of electronic fund systems; but a pay-by-telephone system is not a type of electronic fund system.
Correct Answer:
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