📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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.

    Practice Next
    More Accounts Questions
    ask-question