A[n] ________ is when money is transferred by an electronic terminal, telephone, or computer.

A) Automatic fund transfer
B) Electronic fund transfer
C) Computer generated transfer
D) Wire transfer
E) Consumer electronic transfer

Electronic Fund Transfer

The electronic transfer of money between accounts, facilitated by a network of computers, allowing for quick and secure transactions without the need for physical exchange of cash or checks.

Wire Transfer

An electronic method of transferring funds directly from one person or entity's bank account to another's across financial institutions.