An Example of Electronic Funds Transfer Is

question 85

Multiple Choice

An example of electronic funds transfer is:

• A)a transfer of funds without the use of paper checks.
• B)a transfer of funds by writing a check.
• C)the same as a deposit in transit.
• D)All of these are correct.

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Definitions:

Tariffs

Government taxes on products or services entering a country that primarily serve to raise prices on imports.

Chinese Tire Imports

Refers to the importation of tires from China into other countries, which has often been a point of trade and tariff discussions.

Protectionism

The practice of shielding one or more industries within a country’s economy from foreign competition through the use of tariffs or quotas.

Anticompetitive Export Subsidies

Financial support from a government to domestic businesses that unfairly disadvantages competitors in international markets.