Which term describes a payment made over the internet that allows money to be taken directly from a consumer's bank account?

Which term describes a payment made over the internet that allows money to be taken directly from a consumer's bank account?

• A. Electronic payment
• B. Debit
• C. Budget
• D. Check

Answer: (A)

Electronic payment is the way money moves online using computers and the internet. When you pay online, funds can be taken from a bank account without using cash or a paper check, just through electronic systems. This term fits the description of an online payment that pulls money from your bank account, since it covers the general idea of paying digitally. A debit is a specific type of electronic payment that directly takes funds from a bank account, usually with a debit card or direct debit. It’s a form of electronic payment, but the question describes the online payment method in broad terms, which the general term electronic payment captures more completely. A check is a paper form of payment (or an electronic version that still isn’t the standard online transfer being described), and budget isn’t a payment method at all.

Electronic payment is the way money moves online using computers and the internet. When you pay online, funds can be taken from a bank account without using cash or a paper check, just through electronic systems. This term fits the description of an online payment that pulls money from your bank account, since it covers the general idea of paying digitally.

A debit is a specific type of electronic payment that directly takes funds from a bank account, usually with a debit card or direct debit. It’s a form of electronic payment, but the question describes the online payment method in broad terms, which the general term electronic payment captures more completely.

A check is a paper form of payment (or an electronic version that still isn’t the standard online transfer being described), and budget isn’t a payment method at all.