Question

What system allows for electronic monetary transactions like e-checks to happen?

(1 point)
Responses

Physical mail delivery services
Physical mail delivery services

Electronic fund transfer networks
Electronic fund transfer networks

In-person bank teller systems
In-person bank teller systems

Credit score reporting agencies

Answer 1

Electronic fund transfer networks

These networks enable electronic monetary transactions such as e-checks by routing funds and payment instructions between banks and payment processors.