Which of the Following Statements Applies to an Electronic Funds

question 41

Multiple Choice

Which of the following statements applies to an electronic funds transfer system (EFTS) ?

• A) The medical assistant must sign up for EFTS with the bank.
• B) The money is available to the employee the day after the deposit.
• C) The need for an employee check stub is eliminated.
• D) Employee bank account numbers are not needed for EFT transfers.
• E) The employee does not have to worry about losing the paycheck.