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:

Ethnocentrism

The tendency to consider one’s culture superior to others.

Workplace Distractions

Factors or activities that divert an individual’s attention away from their work-related tasks.

Multi-task

The ability to handle more than one task simultaneously.

Written Communications

The exchange of messages or information in written form, utilizing various mediums such as letters, email, or reports.