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This question belongs to Abbreviations Finance Abbreviations

Finance Abbreviations

?

What is the full form of "EFT"?

A) Exchange Fund Transfer B) Efficient Financial Trading C) Foreign Exchange Turnover D) Electronic Funds Transfer

Answer & Solution

Correct Answer: Option D

Electronic funds transfer is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.

Question posted by Examveda

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