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Which statement best describes the nature of financial electronic data interchange (FED!? It is the transfer of funds through the use of online banking software

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Which statement best describes the nature of financial electronic data interchange (FED!? It is the transfer of funds through the use of online banking software oll is the combination of remittance data and funds transfer instructions included in one electronic package to the bank O It is a lockbox arrangement in which the bank electronically sends the customer account number and amount romitted as soon as payment is received It is a document listing the names amounts, and account numbers of all customer payments received in the mail

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