The Intent of an Electronic Funds Transfer System Is to

question 82

Multiple Choice

The intent of an electronic funds transfer system is to

• A)eliminate overdrafts that check writing allows.
• B)expand written check use.
• C)strengthen the dollar as a means of payment.
• D)increase convenience and service to the public and reduce the costs of making payments.

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Definitions:

Rainfall

The amount of rain that falls over a specific area within a specific period, crucial for water supply, agriculture, and climate patterns.

Formal Thought

A stage of cognitive development characterized by the ability to think abstractly, logically, and systematically.

Social-Perspective Take

The process of understanding a situation or concept from the viewpoint of societal norms and influences.

Justice

The principle of fairness and moral rightness that guides the equitable treatment of individuals and the administration of laws.