Electronic Funds Transfer Does Not Use Paper Checks

question 13

True/False

Electronic funds transfer does not use paper checks.

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Definitions:

Efficient

Being effective without wasting time, effort, or expense.

Prices

The amounts of money expected, required, or given in payment for something.

Efficient Markets Hypothesis

The theory that all available information is already reflected in securities prices, implying that stocks always trade at their fair value.