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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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