Asked by
Brandon Reynolds
on Nov 14, 2024
Verified
Electronic funds transfers never have to be recorded.
Electronic Funds Transfers
Electronic Funds Transfers (EFT) are the digital exchange of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems.
- Gain insight into the techniques and benefits of adopting electronic funds transfers for superior cash management.
- Familiarize yourself with the leading practices in handling and documenting cash exchanges to preserve effective oversight.
Verified Answer
SS
Learning Objectives
- Gain insight into the techniques and benefits of adopting electronic funds transfers for superior cash management.
- Familiarize yourself with the leading practices in handling and documenting cash exchanges to preserve effective oversight.
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