Which of the Following Statements Is True of Wire Transfers

question 29

Multiple Choice

Which of the following statements is true of wire transfers?

• A)Article 4A,which covers wire transfers,includes consumer payments that are covered by EFTA.
• B)International wire transfer systems are known as " Fedwire."
• C)The Federal Reserve operates a domestic wire transfer system that can be made through CHIPS.
• D)Electronic funds transfers between business and financial institutions are generally referred to as wholesale wire transfers.

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Definitions:

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The process of removing or mitigating oil spilled into the environment, typically in water bodies, due to accidents or leaks.

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