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What is the full form of "EFT"?

A. Exchange Fund Transfer

B. Efficient Financial Trading

C. Foreign Exchange Turnover

D. Electronic Funds Transfer

Answer: Option D

Solution(By Examveda Team)

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.

This Question Belongs to Abbreviations >> Finance Abbreviations

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