Answers FA Personal Finance Banking BasicsQuestion 2

2

AssignmentMultiple Choice

Banking Basics

Question 2 • FA Personal Finance

What is a common feature shared by e-checks and P2P payments?

Answer

A

Both can only be used for international transactions.

B

Both provide immediate withdrawal and deposit of funds.

C

Both involve direct communication between the buyer and seller.

D

Both are only processed through traditional banking networks.

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