Question: Electronic ________ is a system in which funds are electronically transferred from a customer's checking account, thereby eliminating the need to process a paper check.

Electronic ________ is a system in which funds are electronically transferred from a customer's checking account, thereby eliminating the need to process a paper check.

fund transfer

check transfer

check conversion

teller system

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Brothers Chris and Eric Christian are going to open a small automobile detailing business in a converted vintage gasoline station. They are using Raincross in their name to help connect their...

Match the statements with the correct terms. a. bank statement b. check c. checkbook d. checking account e. reconciliation _______ The process of balancing the amount in checkbook statement so the...

There are two problems due this week (each worth 35 points) as follows. Problem 1.6 (page 20) In comprehensive paragraphs, answerrequirements a to e. You will have 5 paragraphs total of four to five...

I have attached both the chapters from which you will be answering the following question. Ch 8 (p 387 of text or p 35 of the pdf) ?Exercise D. Prepare the bank reconciliation and any required...

A PDF version of this assignment is attached.I'll also put it in the Assignments folder in Files.As usual, you'll answer the questions in the online version.That version will be available for you to...

Why is it important for us to understand how the global system of financial institutions and markets works? ros57395_ch01.qxd 12/21/04 2:45 PM Page 1 Part 1 The Global Financial System in Perspective...

I've attached the assignment as a word file, thanks! JWCL165_c07_304-355.qxd 7/31/09 2:05 PM Page 304 7 Fraud, Internal Control, and Cash Chapter STUDY OBJECTIVES After studying this chapter, you...

1) Using COSO (2013), identify principles of effective control and associated risks that could threaten preschool objectives. Create a chart using the following headings. For the principles...

Please Help with this Hypothetical 1065 Tax Return.. Form 1065 Due Thursday, November 12 by 5:00 PM CST US Check Figures - Form 1065 Page 1, Line 22 (Ordinary Business Income) - $156,275 Page 5, Line...

The scribes of ancient Egypt were the forerunners of today's accountants. a. True b. False Possible Exam 1 Questions Chapter 1: 3. The scribes of ancient Egypt were the forerunners of today's...

If an object moves along the y axis (marked in feet) so that its position at time x (in seconds) is given by the indicated functions in Problem, find (A) The instantaneous velocity function v = f(x)...

Rhenium oxide crystallizes with a structure that has a primitive cubic lattice, as shown here. In the image on the left, the sizes of the ions have been reduced to show the entire unit cell. (a) How...

At the height of the British Empire in 1 9 1 4 , what percentage of the world's land did they control? None Half A fifth A quarter

Solve B. 6a2-23a +20. a +2 2a2-a-10 2a-5