Briefly describe each of the following funds transfer mechanisms: Automated clearinghouse (ACH) debit transfer Wire
Question:
• Automated clearinghouse (ACH) debit transfer
• Wire transfer
Why are wire transfers typically used only for high-dollar transfers?
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An automated clearinghouse debit transfer is a preauthorized electronic withdrawal from the pa...View the full answer
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Related Book For
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
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