The Use of Electronic Funds Transfers Makes Check Writing Unnecessary

question 60

True/False

The use of electronic funds transfers makes check writing unnecessary.

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Definitions:

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Ginger Ale

A fizzy beverage seasoned with ginger flavor.

Fruit Juice

A beverage made from the extraction or pressing of the natural liquid contained in fruit.

Japanese Yen

The official currency of Japan, represented symbolically as ¥ and known for its role in international finance and trade.