Electronic Funds Transfers Are Also Called ____

question 22

Multiple Choice

Electronic funds transfers are also called ____.

• A)wire transfers
• B)business transfers
• C)money transfers
• D)telephone transfers

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Definitions:

Innovation

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.

Invention

The creation of a product or introduction of a process for the first time.

Diffusion

The process by which an innovation or idea spreads within a society or from one society to another over time.

Technological Advance

The process of developing new and better ways of doing things, particularly in areas like science, engineering, and manufacturing.