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Q: What type of money is transferred electronically?
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What kind or type of card is a debit card?

A debit card is a type of card that allows you to automatically, and electronically, withdraw money directly from your bank account and pay for what was needed to be payed.


What is the meaning of By Transfer in ATM ministatement?

It means that, instead of paying something in person, funds were transferred electronically from one account to another. For example - suppose you wanted to pay a bill. Rather than withdraw the funds in cash from your account - and pay the bill in person, you can electronically transfer the money from your account to the account of the company who's bill it is.


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You would say you are "wiring" money.


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In theory any data can be transferred electronically in the form of a organized series of values of zero(s) and one(s). Any kind of data is converted into digital form from analog form using ADC i.e. Analog to Digital Converter and then it is able to transfer over an electrical medium.


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A paycheck is electronically transferred into the depositor's account without the depositor having to come to the physical location of the credit union office?

Direct Deposit


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direct deposit


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What memory is a type of nonvolatile memory that can be erased electronically and rewritten?

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The term "electronically banned" means that one is denied access to a type of digital device or information. For example, one may be electronically banned from viewing a movie for fear they provide "spoiler" information.


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The three ways money is transferred from savers to businesses


4 The Internet accelerates the process of economic growth Discuss?

Using the formula MV=PQ, and understanding that PQ is just nominal GDP for a nation, explains this. The Internet accelerates the velocity of money, since money can be transferred more easily electronically. Therefore, assuming M is constant, an increase in V leads to an increase in nominal GDP.