11
QuizMultiple Choice

Unit Test — Unit test

Question 11 • OCPS -2102371-Personal Finance and Money Management

How are E-checks and electronic fund transfers (EFTs) similar in the way they process transactions?

Answer
A
Both can only be started during the bank's working hours.
B
Both charge the payer the same fee for each transaction.
C
Both need a physical card to start the transaction.
D
Both can move money directly from one bank account to another.
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How are E-checks and electronic fund transfers…