IIA
IIA-CFSA · Question #358
____________ is an electronic payment network used by individuals businesses, financial institutions and government organizations. It provide better cash management capabilities and lower costs than…
The correct answer is B. ACH (Automated cleaning house). See the full explanation below for the reasoning.
Question
____________ is an electronic payment network used by individuals businesses, financial institutions and government organizations. It provide better cash management capabilities and lower costs than traditional paper payments.
Options
- AEFT (Electronic Funds Transfer)
- BACH (Automated cleaning house)
- CATM
- DNone of these
How the community answered
(66 responses)- A9% (6)
- B82% (54)
- C6% (4)
- D3% (2)
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