The communication standard for sharing business documents and settlement information that emerged in the 1970s is called__________.

A. ECD

B. EDI

C. IDE

D. BCB

Answer: Option B

Solution(By Examveda Team)

The communication standard for sharing business documents and settlement information that emerged in the 1970s is called EDI. Electronic data interchange is the concept of businesses electronically communicating information that was traditionally communicated on paper, such as purchase orders and invoices.