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Which of the Following Best Describes an ACH Transfer of Funds

Question 47

Multiple Choice

Which of the following best describes an ACH transfer of funds between two separate banking institutions?


A) Both accounts are verified and funds are quickly available.
B) Both accounts are not verified and funds are quickly available.
C) Both accounts are verified but funds may take several days to be available.
D) Both accounts are not verified and funds may take several days to be available.

Correct Answer:

verifed

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