Which of the following refers to the electronic exchange of information between financial
institutions which results in debits and credits?

A.
Electronic Data Interchange

B.
Electronic Funds Transfer

C.
Electronic Benefits Transfer

D.
Electronic Financial Transport

Explanation:
Electronic Data Interchange (EDI), the transferof data between different companies using

networks, such as the Internet. As more and more companies get connected to the Internet, EDI
is becoming increasingly important as an easy mechanism for companies to buy, sell, and trade
information.