All of the Following Are True About Electronic Funds Transfers

question 18

Multiple Choice

All of the following are true about electronic funds transfers except:

• A) sometimes involve the Federal Reserve sending electronic images of checks to banks.
• B) occur when banks or individuals deposit/withdraw from one bank account to another electronically.
• C) include automated clearinghouse transactions (ACH).
• D) include credit card payments made online.

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Definitions:

Business Leader

An individual who influences and guides others within a business or industry to reach organizational goals.

Market Share

A company's portion of sales within the entire market it operates in, measured by the percentage of total industry sales the company secures.

Charismatic Leader

A leadership style characterized by an individual's ability to inspire and motivate people through their personal charm and conviction.

Initial Business Success

The early stage achievement of desired business goals, such as profitability, market share expansion, or company growth metrics.