Match each term with its definition.
-Method of crediting and debiting accounts by computer without checks or deposit slips
A)deposit record
B)deposit slip
C)electronic funds transfer system
D)endorsement
E)endorser
F)third-party check
G)limited check
H)maker
I)MICR numbers
J)money order

Question

Quizplus · Accepted Answer

The electronic funds transfer system (EFTS) is the method by which accounts are credited and debited electronically, without the need for physical checks or deposit slips.

Match Each Term with Its Definition