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Question
Select the proper option from the options given below and rewrite the completed sentence:
An electronic facility of transferring funds through the internet is _______ transfer.
Options
Cash
Net banking
Credit
Solution
An electronic facility of transferring funds through the internet is net banking transfer.
Explanation:
Net banking permits the customers to carry banking transactions on the internet. Under net banking, there is no physical movement; instead, money is transferred from one account to another through the internet.
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