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Which of the following statements about cash received through electronic funds transfer ( EFT ) is true? a . EFTs reduce internal controls over cash

Which of the following statements about cash received through electronic funds transfer (EFT) is true?
a. EFTs reduce internal controls over cash since the cash is received directly by the bank without any employees handling cash.
b. EFTs speed up the processing of cash receipts.
c. EFTs cost more than cash payments through the mail.
d. EFTs increase the risk of late payments from customers.

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