Briefly describe each of the following funds transfer mechanisms: Depository transfer check (DTC) Automated clearinghouse
Question:
• Depository transfer check (DTC)
• Automated clearinghouse (ACH) debit transfer
• Wire transfer
Why are wire transfers typically used only for high-dollar transfers?
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A depository transfer check is an unsigned check drawn on one ...View the full answer
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Related Book For
Introduction to Corporate Finance
ISBN: 978-0324657937
2nd edition
Authors: Scott B. Smart, William L Megginson
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