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AssignmentMultiple Choice

Banking Basics

Question 1 of 1 • FA Personal Finance

What is the primary difference between an e-check and P2P payment systems?

Answer
A
E-checks are processed instantly, whereas P2P payments take several days.
B
E-checks are for personal use only, whereas P2P payments include business transactions.
C
An e-check is used for purchasing goods online, while P2P payments are for paying bills.
D
An e-check uses traditional banking system, while P2P payments send money directly.
What is the primary difference between an…