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      Question

      Which of the following is an example of

      EFT? 
      A Writing a check Correct Answer Incorrect Answer
      B ATM transactions Correct Answer Incorrect Answer
      C Barter system Correct Answer Incorrect Answer
      D Cash payment Correct Answer Incorrect Answer
      E Gold exchange Correct Answer Incorrect Answer

      Solution

      When you withdraw cash or transfer funds at an ATM, you are initiating an Electronic Fund Transfer that moves money between accounts electronically.

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