Multiple choice

Which of the following is a method of electronic funds transfer from one person or entity to another?

  1. Prepayment for service

  2. Wire transfer

  3. Paid content

  4. Payment gateway

  5. Payments as a service (PaaS)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Wire transfer is a method of electronic funds transfer from one person or institution (entity) to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office, such as Western Union.

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