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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

Name five common uses of electronic funds transfer.

To determine

List five common uses of electronic fund transfer.

Explanation

Electronic fund transfer:

Electronic fund transfer is a process of transferring money from one bank account to another bank account by using computer without any intervention of bank staff.

The five common uses that are obtained by using electronic fund transfer are given below:

  • • Paychecks...

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