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    Question

    Electronic Fund Transfer (EFT) is

    a: 
    A Slow and insecure means of payment Correct Answer Incorrect Answer
    B Fast and secure means of payment Correct Answer Incorrect Answer
    C Manual cash transfer method Correct Answer Incorrect Answer
    D Type of paper check Correct Answer Incorrect Answer
    E Method only for large corporations Correct Answer Incorrect Answer

    Solution

    EFT is defined as a fast and secure electronic system for transferring money directly from one bank account to another without the use of paper.

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