Automated clearinghouses are commonly used by consumers to make direct payments for
A) insurance premiums.
B) mortgage payments.
C) utility bills.
D) All of the options are true.

Question

Quizplus · Accepted Answer

Automated clearinghouses (ACH) are electronic payment networks used for a variety of transactions, including insurance premiums, mortgage payments, and utility bills. Therefore, all the options are true.

Automated Clearinghouses Are Commonly Used by Consumers to Make Direct