What is an EFT, and what are two common forms?

What is an EFT, and what are two common forms?

• A. Electronic funds transfer moves money electronically between banks; common forms include ACH transfers and wire transfers.
• B. A paper check that is processed through the postal service.
• C. A cash transaction settled at the point of sale.
• D. A debit card purchase that occurs offline.

Answer: (A)