____________________is the application of computer and information technologies to financial transactions and services.
A)The payments mechanism
B)An electronic funds transfer system
C)A retail sweep account
D)Point-of-sale terminal

Question

Quizplus · Accepted Answer

Electronic funds transfer system is the application of computer and information technologies to financial transactions and services, allowing electronic transfer of money from one account to another without the use of paper documents such as checks. The other options are related to specific financial services or technologies rather than the overall application of computer and information technologies to financial transactions.

____________________Is the Application of Computer and Information Technologies to Financial