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.

---

Definitions:

Specific Amount

A precise quantity or measure of something, often related to numerical or financial context.

FXML File

A file format used in JavaFX to design user interface elements separately from the main application logic.

JavaFX Application

A software program that utilizes JavaFX, a set of graphics and media packages, for building rich Internet applications with a wide range of functionality.

Structured Query Language

A standardized language for managing and manipulating databases.