Electronic Funds Transfer Systems

question 77

Multiple Choice

Electronic funds transfer systems:

• A) Handle most forms of electronic payment in the banking and retailing industries
• B) Use a variety of information technologies to capture and process money and credit transfers between banks, business, and customers
• C) Make it possible for consumers to use a credit or debit card to instantly pay for purchases at retail outlets
• D) All of the choices are correct.

---

Definitions:

Capital Owners

Individuals or entities that own assets that can be used to produce goods or services and potentially generate income.

Stay-at-home Fathers

Men who choose to remain at home to care for their children and manage household duties instead of working for pay outside the home.

Workplace

Refers to any location, environment, or setting where individuals engage in work-related activities or occupations.

Equilibrium Wage

is the wage rate at which the supply of labor equals the demand for labor in the labor market.