__________________ Is a Transfer That Is Authorized in Advance to Occur

question 276

Multiple Choice

__________________ is a transfer that is authorized in advance to occur at substantially regular intervals. Payments that require the consumer to take specific actions to initiate them (such as by entering instructions on a touch-tone telephone or on the Internet) are not such type of EFTs.

• A) A preauthorized EFT
• B) A postauthorized EFT
• C) A standard format EFT
• D) A customized EFT

---

Definitions:

Deductively

describes a logical process starting with a general idea or theory and moving towards a specific conclusion based on evidence or reasoning.

Bulleted List

A visual formatting tool used in written communication to organize items, points, or ideas clearly and concisely, marked by bullet points for emphasis and readability.

Complimentary Close

The polite concluding phrase in a letter or email, such as "Sincerely" or "Best regards," that precedes the sender's signature.

Form Messages

Predesigned messages used in communication to save time and ensure consistency in conveying information.