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Commerce · Q94

eCommerce

Graduate and Post Graduate · Commerce · question 94

Q94

Which of the following is a method of transferring money from one person's account to another?

A.
electronic check
Answer
B.
credit card
C.
e‐transfer
D.
none of the above

Answer: Option A

Solution

Answer: Option A
Solution:
Electronic check is a method of transferring money from one person's account to another. An electronic check, also referred to as an e-check, is a form of payment made via the Internet, or another data network, designed to perform the same function as a conventional paper check.