An Electronic Funds Transfer System ________

question 27

Multiple Choice

An electronic funds transfer system ________.

• A)does not include debit card transactions
• B)is seldom used by businesses
• C)transfers cash by electronic communication rather than by paper documents
• D)uses forms such as checks and deposit tickets to transfer cash

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Definitions:

Stockholders

Individuals or entities that own one or more shares of stock in a corporation, giving them a right to a portion of the corporation's profits and assets.

Unanimous Vote

A voting outcome where all members of a group fully agree on a decision or proposal.

Two-thirds

A fraction that represents 66.67 percent of a whole, often used as a voting threshold to pass significant decisions in various forums.

Majority Vote

A decision-making rule in which the option that receives more than half of the votes amongst all options is chosen.