Debit Card Transactions Are Considered Electronic Funds Transfers

question 247

True/False

Debit card transactions are considered electronic funds transfers.

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Definitions:

Debits Checking

The act of verifying or recording amounts debited from a checking account.

Customer Transaction

Any financial transaction or activity involving the sale of goods or services to customers.

Receive Payments

The process of recording the receipt of money from customers in payment for goods or services provided.

Customer Transactions

Financial interactions or operations between a business and its customers, including sales, returns, and payments.