Business Studies, asked by PragyaTbia, 11 months ago

Name the electronic facility of transferring funds through the internet. Answer in a word / phrase / term.

Answers

Answered by aqibkincsem

EFT or Electronic Funds transfer refers to the system through which money is transferred from one bank account to another without including the exchange of paper money.

Direct deposit is one of the most prominent examples of EFT. It is a very popular method and is actually paving the world of paperless universe.

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