A(n) ________ Allows Money to Be Exchanged Electronically More Quickly

question 258

Multiple Choice

A(n) ________ allows money to be exchanged electronically more quickly and more economically than with paper checks.

• A) electronic check conversion (ECC)
• B) electronic funds transfer system (EFT)
• C) virtual banking operation (VBO)
• D) telechecking system (TELE)

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Definitions:

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A 13-day confrontation in October 1962 between the United States and the Soviet Union over Soviet ballistic missiles deployed in Cuba, marking the peak of Cold War tensions.

Hotline

A direct and immediate telephone line for emergency communication or for obtaining information.

Kremlin

A fortified complex in the heart of Moscow, Russia, historically the residence of the tsars and now the official residence of the President of Russia.

Lee Harvey Oswald

An American former Marine and Marxist who is accused of assassinating President John F. Kennedy on November 22, 1963, in Dallas, Texas.