An electronic funds transfer system ________.
A)does not include debit card transactions
B)is seldom used by businesses
C)transfers cash by electronic communication rather than by paper documents
D)uses forms such as checks and deposit tickets to transfer cash

Question

Quizplus · Accepted Answer

An electronic funds transfer system transfers cash by electronic communication rather than by paper documents. It may include debit card transactions but does not use forms such as checks and deposit tickets to transfer cash. It is commonly used by businesses for convenience and efficiency.

An Electronic Funds Transfer System ________