Electronic Funds Transfer Systems

question 77

Multiple Choice

Electronic funds transfer systems:

• A) Handle most forms of electronic payment in the banking and retailing industries
• B) Use a variety of information technologies to capture and process money and credit transfers between banks, business, and customers
• C) Make it possible for consumers to use a credit or debit card to instantly pay for purchases at retail outlets
• D) All of the choices are correct.

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Definitions:

Minimum Wage

The lowest legal hourly pay that employers can offer to workers, set by government legislation to protect employees from unduly low compensation.

Case Against

Arguments or reasoning presented in opposition to a particular idea, policy, or practice.

Case For

Arguments or reasons supporting a particular idea, policy, or action, often involving evidence or rationale.

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Suggests or shows signs of a specific situation or outcome based on the data or information gathered.