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Answer the following questions: 1. Describe Electronic Funds Transfer (EFT) and identify the four types of EFT systems. 2. Explain a bank's liability for forged

Answer the following questions:

1. Describe Electronic Funds Transfer (EFT) and identify the four types of EFT systems.

2. Explain a bank's liability for forged checks.

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1 Electronic Funds Transfer refers to the system in which related monetary transactions are conducted from a bank account to another devoid of any pap... blur-text-image

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