EFT Includes Wire Transfers, Credit and Debit Card Processing, as Well

question 112

True/False

EFT includes wire transfers, credit and debit card processing, as well as payments made via the ACH Network.

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Definitions:

Transferring Information

The act of conveying data, knowledge, or details from one entity or person to another.

Meaning

The significance, definition, or explanation of a word, phrase, concept, or symbol.

Formal Communication Network

A structured system of information exchange within an organization, following official channels and protocols.

Social Media

Platforms and technologies that enable users to create, share, and engage with content and each other online, such as Facebook, Twitter, and Instagram.