The following are the main methods 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 each method has its own advantages and may be suitable for different situations. Direct payments can be used for one-time or recurring transactions, while direct deposits are ideal for regular employee payroll or vendor payments. Wire transfers are typically used for international transactions where speed and security are important. By utilizing all three methods, firms can have multiple options for sending and receiving funds electronically.

The Following Are the Main Methods That Firms Use to Send