With respect to e-commerce, what is the full form of EFT?

2022

With respect to e-commerce, what is the full form of EFT?

Answer: A. Electronic Fund Transfer — EFT stands for Electronic Fund Transfer. It means transferring money electronically from one account or system to another.

  1. A.

    Electronic Fund Transfer

  2. B.

    Electronic Fund Transmission

  3. C.

    Elevated Fund Transfer

  4. D.

    Elevated Fund Transmission

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Correct answer: A

EFT stands for Electronic Fund Transfer. It means transferring money electronically from one account or system to another.

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