Electronic funds transfer (EFT) : The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT. To explain : The important feature of EFT

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Chapter 7, Problem 21Q

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Electronic funds transfer (EFT): The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT.

To explain: The important feature of EFT

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Question

Chapter 7, Problem 21Q

To determine

Electronic funds transfer (EFT): The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT.

To explain: The important feature of EFT

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Check out a sample textbook solution

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Question

Chapter 7, Problem 21Q

To determine

Electronic funds transfer (EFT): The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT.

To explain: The important feature of EFT

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Chapter 7, Problem 21Q

To determine

Electronic funds transfer (EFT): The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT.

To explain: The important feature of EFT

Expert Solution & Answer

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Answer 5

Chapter 7, Problem 21Q

To determine

Electronic funds transfer (EFT): The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT.

To explain: The important feature of EFT

Answer 6

Chapter 7, Problem 21Q

To determine

Electronic funds transfer (EFT): The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT.

To explain: The important feature of EFT

Answer 7

Chapter 7, Problem 21Q

To determine

Electronic funds transfer (EFT): The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT.

To explain: The important feature of EFT

Answer 8

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Ch. 7 - A local hank reported that it lost 150,000 as the...Ch. 7 - Prob. 2Q Ch. 7 - Prob. 3Q Ch. 7 - Prob. 4Q Ch. 7 - Prob. 5Q Ch. 7 - Prob. 6Q Ch. 7 - Prob. 7Q Ch. 7 - Prob. 8Q Ch. 7 - Prob. 9Q Ch. 7 - Prob. 10Q

Electronic funds transfer (EFT) : The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT. To explain : The important feature of EFT

Solution Summary: The author explains that electronic funds transfer (EFT) uses computer network, wires, or a telephone to transfer funds.

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Electronic funds transfer (EFT): The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT.

To explain: The important feature of EFT

Want to see the full answer?

Chapter 7 Solutions

Electronic funds transfer (EFT) : The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT. To explain : The important feature of EFT

Solution Summary: The author explains that electronic funds transfer (EFT) uses computer network, wires, or a telephone to transfer funds.

Videos

Electronic funds transfer (EFT): The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT. To explain: The important feature of EFT

Want to see the full answer?

Chapter 7 Solutions

Electronic funds transfer (EFT): The procedure used to transfer funds electronically, from one location or bank account to another, without money changing hands, among the parties is referred to as EFT.

To explain: The important feature of EFT