Which of the Following Is True of EFT

question 67

Multiple Choice

Which of the following is true of EFT?

• A) It cost more than receiving cash payments through the mail.
• B) It can process certain cash transactions at less cost than by using the mail.
• C) It is easy to document purchase and sale transactions.
• D) It means Effective Funds Transfer.

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Definitions:

Philadelphia Court

Refers to the judicial system or specific courts within the city of Philadelphia, which handle legal matters according to local, state, and federal law.

Federal Railroad Administration

A division of the United States Department of Transportation that oversees the nation's railroad safety laws and regulations.

Speed Restriction

Regulations set to limit the speed at which a vehicle can travel in certain areas to ensure safety.

Small Towns

Communities with a small population, often characterized by a close-knit society and slower pace of life.