Which of the Following Statements Is True of Wire Transfers

Multiple Choice

Which of the following statements is true of wire transfers?

A) Article 4A of the UCC, which covers wire transfers, includes consumer payments that are covered by the Electronic Funds Transfer Act (EFTA) .
B) International wire transfer systems are known as "Fedwire."
C) The Federal Reserve operates a domestic wire transfer system that can be made through New York Clearinghouse Payments System (CHIPS) .
D) Electronic funds transfers between business and financial institutions are generally referred to as wholesale wire transfers.