An Example of Electronic Funds Transfer Is

question 32

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) the return of a deposited check.

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Definitions:

Combination Thereof

A phrase used to indicate that a particular description or specification can involve a mix or combination of the mentioned elements.

Patent

A form of intellectual property right that grants an inventor the exclusive right to exclude others from making, using, selling, and importing an invention for a certain period of time.

Assignment

The transfer of rights, property, or obligations from one party to another, typically used in contracts or financial transactions.

Injurious Falsehood

A false statement made maliciously that causes damage to another’s property, business, or reputation.