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Which of the following is an example of smelting?
Electronic Funds Transfer
A system that allows the transfer of money between bank accounts without the physical exchange of cash, checks, or other negotiable instruments.
Outstanding Checks
Checks that have been issued and recorded in the payer's financial statements but have not yet been cashed or cleared by the bank.
Bank Reconciliation
The method of aligning the figures in a company's financial records for a cash account with the relevant data on a bank statement.
Bank Service Charge
Fees charged by banks for various services provided to customers, such as account maintenance or transaction processing.
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