Answers FA Personal Finance Banking BasicsQuestion 11

11

QuizMultiple Choice

Banking Basics

Question 11 • FA Personal Finance

How are online banking and E-checks similar?

Answer

B

Both need customers to go to a physical place to finish a transaction.

B

Both use the same banking systems as regular checks.

B

Both move money electronically without using cash or checks.

B

Both are not secure so transactions are recorded on a physical ledger.

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