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What Is the Name of the Electronic Funds Transfer (EFT)

Question 42

Multiple Choice

What is the name of the electronic funds transfer (EFT) system governed by the United States and designed to provide the clearing of electronic payments between banks?


A) The Automated Clearing House (ACH) network
B) The National Clearing House (NCH) network
C) The Originating Depository Financial Institution (ODFI)
D) The Receiving Depository Financial Institution (RDFI)

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