Electronic Funds Transfer

question 12

Multiple Choice

Electronic funds transfer:

• A)Uses paper checks
• B)Uses some paper checks
• C)Does not use paper checks
• D)Is a manual transfer system
• E)None of these

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Definitions:

Total Revenue

Total revenue is the full amount of money received by a company for its goods or services before any expenses are subtracted.

Average Revenue

Total revenue divided by the quantity sold

Total Revenue

The cumulative sum of funds a business accumulates from selling products or offering services over a specific duration.

Government

The organization or system by which a community or nation is governed, responsible for making and enforcing laws, policies, and regulations.