The following is (are)the main method(s)that firms use to send and receive money electronically:
A)direct payments.
B)direct deposits.
C)wire transfers.
D)All of these options are correct.

Question

Quizplus · Accepted Answer

All of these options are correct as all three methods - direct payments, direct deposits, and wire transfers - are commonly used by firms to send and receive money electronically. Direct payments are used to pay bills and make purchases directly from a bank account, while direct deposits are used to receive payments such as salaries and benefits directly into a bank account. Wire transfers are used to send money electronically between banks and are typically used for larger transfers or international transactions.

The Following Is (Are)the Main Method(s)that Firms Use to Send