One of the Primary Components of Electronic Funds Transfer (EFT)

question 18

True/False

One of the primary components of electronic funds transfer (EFT) is wire transfer.

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Definitions:

Supreme Court

The highest federal court in the United States, consisting of nine justices and holding final appellate jurisdiction over all U.S. federal court and state court cases dealing with federal law.

Federal Communications Commission (FCC)

A government agency responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable in the U.S.

Wireless Frequencies

Electromagnetic wave frequencies utilized for communication purposes without requiring a physical connection, such as in cell phones and Wi-Fi.

Telecommunications Act

A comprehensive law enacted in 1996 to regulate the broadcasting and telecommunications industry.