Which of the Following Is an Electronic Funds Transfer System

question 46

Multiple Choice

Which of the following is an electronic funds transfer system?

• A) Paper checks
• B) Point-of-sale terminals
• C) Certified checks
• D) Mailing checks to the bank

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Definitions:

Excise Tax

A type of tax imposed on specific goods, services, or transactions, often with the intent of discouraging their use or consumption, or to raise revenue.

Downward-Sloping

A term typically used in economics to describe a curve or line on a graph that represents a decrease in one variable as another variable increases, often used to describe demand curves.

Excise Tax

A specific tax levied on the sale of a particular good or service, typically to discourage its consumption or to raise revenue.

Cable TV

A system of delivering television programming to consumers via radio frequency (RF) signals transmitted through coaxial cables or digital light pulses through fiber-optic cables.