Which of the following statements about an electronic funds transfer EFT is false Multiple Choice EFT are checks written by the

Question

Which of the following statements about an electronic funds transfer EFT is false Multiple Choice EFT are checks written by the depositor subtracted on the depositor s books and sent to the payee but not yet turned in for payment a bank statement date Companies are increasingly using EFT because of its convenience and low cost Payroll rent utilities insurance and interest payments are usually done by EFT EFT is the electronic transfer of cash from one party to another Cash receipts by EFT are listed with deposits and other additions

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