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Banking Computers Science Sample Paper Computer - Sample Paper - 25

  • question_answer
    Electronic fund transfer is the exchange of money

    A) From one place to another

    B) From one account to another

    C) From one bank to another

    D) All of the above

    E) None of these

    Correct Answer: B

    Solution :

    EFT (Electronic Fund Transfer) is the electronic exchange. Transfer of money from one account to another, either within a single financial institution or across multiple institutions through computer based systems.


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