Computer Science Ques 663

Question: Electronic fund transfer is the exchange of money

Options:

A) From one place to another

B) From one account to another

C) From one bank to another

D) All of the above

E) None of these

Show Answer

Answer:

Correct Answer: B

Solution:

  • EFT (Electronic Fund Transfer) is the electronic exchange. Transfer of money from one account to another, either within a single financial institution or across multiple institutions through computer based systems.
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