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List the Advantages of Electronic Funds Transfers

question 107

Essay

List the advantages of Electronic Funds Transfers.


Definitions:

Time Deposit

A deposit in a bank account that cannot be withdrawn for a preset period of time without incurring a penalty.

Maturity

The date on which a financial obligation must be repaid or the final payment is due.

Maturity Date

The specified date on which the final payment of a loan, bond, or other financial instrument is due.

Repay

To make payment back to someone from whom money has been borrowed.

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