As of December 2014, which of the following represented the highest percent of the dollar value of noncash transactions in the United States?
A)Credit transfers.
B)Card payments.
C)Debit transfers.
D)E-money payments.
E)Checks.

Question

Quizplus · Accepted Answer

Credit transfers, which include wire transfers and automated clearing house (ACH) payments, represented the highest percent of the dollar value of noncash transactions in the United States as of December 2014. This is because they are commonly used for high-value transactions, such as payroll, business-to-business payments, and payments for large purchases.

As of December 2014, Which of the Following Represented the Highest