Electronic Funds Transfer (EFT) Could Eventually Eliminate the Use of Most

question 142

True/False

Electronic funds transfer (EFT) could eventually eliminate the use of most checks and minimize float.

---

Definitions:

Tariff

Government-imposed duties on imported or, less commonly, exported goods, often established to protect domestic industries and to generate revenue.

Quota

A limit set by a government on the quantity of a particular product that can be imported or exported within a given timeframe, used for trade regulation.

Policy Action

A deliberate action taken by a government or other organization to influence economic, social, or environmental outcomes.

Domestic Supply

The sum of all products and services made within a nation, ready for use domestically or for sending abroad.