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The Term ________ Refers to the Computer and Electronic Technology

Question 58

Multiple Choice

The term ________ refers to the computer and electronic technology that makes it possible for banks to offer electronic payment and collection systems to bank customers.


A) electronic protocols application software (EPAS)
B) electronic funds transfer system (EFTS)
C) originating depository financial institution (ODFI)
D) open real-time currency application (ORCA)

Correct Answer:

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