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Goals Should Be Evaluated to Determine the Long-Term and Short-Term

question 15

Multiple Choice

Goals should be evaluated to determine the long-term and short-term effects of acceptance and rejection and should be based on ____________________.


Definitions:

EFT

Electronic Funds Transfer, a system of transferring money from one bank account directly to another without any paper money changing hands.

Preauthorized Payment

A prearranged payment that allows a payee to automatically withdraw funds from a payer's account as per the agreed terms, usually on a recurring basis.

Stop Payment

An instruction to a bank by an account holder not to pay or honor a check that has been issued from their account.

EFT Charges

Charges or fees associated with Electronic Funds Transfer, which is the electronic transfer of money from one bank account to another.

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