Electronic Funds Transfer

question 28

Multiple Choice

Electronic funds transfer

• A) occurs when a company has a computerized cash register.
• B) occurs when a company downloads bank details to a company computer.
• C) occurs when a certified cheque is requested.
• D) is a system that electronically transfers funds between parties without the use of paper.

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Definitions:

Disjunction

A logical operation yielding a true value if at least one of its propositions is true.

Biconditional

A logical relationship between two statements where both or neither are true; often phrased as "if and only if".

Component

A part or element of a larger whole, especially a part of a machine or system.

Disjunct

In logic, an element of a disjunction; a proposition that forms one of the alternatives in a disjunction.