Which of the Following Is True of Electronic Fund Transfers

question 18

Multiple Choice

Which of the following is true of electronic fund transfers?

• A) It is a transfer of funds begun by a promissory note.
• B) It is a transfer of funds begun by a telephonic instrument.
• C) It is a transfer of funds begun by a check or draft.
• D) It is a transfer of funds begun by any paper instrument.

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Definitions:

Union Substitution

Practices or strategies employed by an employer to avoid unionization, often by addressing workers' grievances directly and improving working conditions.

Legal

Relating to the legal system or the set of regulations that a specific nation or society acknowledges for controlling the behavior of its individuals, which can be upheld through the application of sanctions.

Utility Perspective

An approach that evaluates situations and decisions based on their utility or usefulness, often in terms of maximizing happiness or benefit.

Teamsters Union

A labor union in the United States known for representing a diverse membership, including truck drivers and a wide range of workers in other industries.