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A type of electronic funds transfer (EFT) is: 20 A Atransaction made with a check deposit made with a bank teller ) Not widely used by consumers An AIM transaction

Problemas

A type of electronic funds transfer (EFT) is:
20
A Atransaction made with a check
deposit made with a bank teller
) Not widely used by consumers
An AIM transaction

A type of electronic funds transfer (EFT) is: 20 A Atransaction made with a check deposit made with a bank teller ) Not widely used by consumers An AIM transaction

Solución

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Samuelmaestro · Tutor durante 5 años
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An ATM transaction

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## Step 1<br />The problem is asking us to identify a type of electronic funds transfer (EFT). EFT is a system of transferring money from one bank account directly to another without any paper money changing hands. This is done through electronic means, such as the internet or a computer terminal.<br /><br />## Step 2<br />Looking at the options provided, we need to identify which one fits the definition of EFT. The options are: a transaction made with a deposit made with a bank teller, not widely used by consumers, and an ATM transaction.<br /><br />## Step 3<br />The first option, a transaction made with a deposit made with a bank teller, does not fit the definition of EFT because it involves physical interaction with a bank teller.<br /><br />## Step 4<br />The second option, not widely used by consumers, is not a type of EFT but rather a statement about the popularity of EFT.<br /><br />## Step 5<br />The third option, an ATM transaction, fits the definition of EFT. ATM transactions are a type of EFT where money is transferred from one bank account to another through an ATM.
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