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Question 16: What is the name of the electronic funds transfer (EFT) system governed by the United States and
designed to provide the clearing of electronic payments between banks?
A. The National Clearing House (NCH) network
B. The Automated Clearing House (ACH) network
C. The Receiving Depository Financial Institution (RDFI)
D. The Originating Depository Financial Institution (ODFI)
Correct Answer: B
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