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Multiple Choice QuestionBanks are able to accomplish "paperless" transactions through the use of Blank______.Multiple choice question.the FDICSECsEFTsa mutual fund

Question

Multiple Choice QuestionBanks are able to accomplish "paperless" transactions through the use of Blank______.Multiple choice question.the FDICSECsEFTsa mutual fund

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Solution

The question is: "Banks are able to accomplish "paperless" transactions through the use of ______."

The options are: a) the FDIC b) SECs c) EFTs d) a mutual fund

The correct answer is c) EFTs.

EFT stands for Electronic Funds Transfer, which is a system of transferring money from one bank account directly to another without any paper money changing hands. This is how banks can accomplish "paperless" transactions.

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