A ________ is an electronic communication that,via bookkeeping entries,removes funds from the payer's bank and deposits them in an account of the payee's bank.

Question

Quizplus · Accepted Answer

A wire transfer is a form of electronic communication that moves funds directly from one bank to another. It does not involve a physical check or an intermediary like a clearinghouse.

A ________ Is an Electronic Communication That,via Bookkeeping Entries,removes Funds