List the Principal Advantages of Electronic Funds Transfers

question 4

Essay

List the principal advantages of electronic funds transfers.

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Definitions:

Constraints

Limitations or restrictions that affect decisions or actions within a process.

Organization Characteristics

Attributes or features that define the distinctive nature and functioning of an organization, such as its culture, structure, and management practices.

External Environment

Involves the surrounding conditions, forces, or circumstances outside an organization that affect its operations and strategies.

Socioeconomic Factors

Aspects relating to an individual's social and economic position that affect their health and well-being, such as income, education, and employment.