Banks Prefer That Customers Use an Electronic Funds Transfer System

question 244

Multiple Choice

Banks prefer that customers use an electronic funds transfer system rather than traditional methods of payment because

• A) traditional payments are subject to regulation by the Fed and electronic transactions are not.
• B) electronic funds are subject to a smaller reserve requirement than traditional funds.
• C) electronic funds transfer is more efficient and less expensive for banks than traditional check-based payments.
• D) the bank generates advertising revenue from its website.

---

Definitions:

Pink Flamingo

a brightly colored bird known for its long legs and neck, often associated with decorative lawn ornaments in popular culture.

Artisans

Skilled craft workers who make or create items by hand that may be functional or strictly decorative.

Team Attendance

The number of people present or participating in a team event or activity.

Expenditure On Players

The total amount of money spent on purchasing player contracts, wages, and other related expenses by sports teams.