All of the Following Are True About Electronic Funds Transfers

question 80

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:

Chesapeake Labor Force

Historically refers to the workforce in the Chesapeake Bay area, notably including both free and enslaved laborers, primarily in agricultural settings.

Eighteenth Century

A term referring to the period from 1701 through 1800 in the Gregorian calendar, marked by significant developments in various fields such as science, politics, and philosophy.

Emigration

The act of leaving one's country or region to settle in another.

Cash Crop

Agricultural crops grown primarily for sale to return a profit, such as cotton, tobacco, and sugar, rather than for personal use by the farmers.