CIW
1D0-525 · Question #97
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?
The correct answer is A. The Automated Clearing House (ACH) network. See the full explanation below for the reasoning.
Question
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?
Options
- AThe Automated Clearing House (ACH) network
- BThe National Clearing House (NCH) network
- CThe Originating Depository Financial Institution (ODFI)
- DThe Receiving Depository Financial Institution (RDFI)
How the community answered
(36 responses)- A69% (25)
- B3% (1)
- C8% (3)
- D19% (7)
Community Discussion
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