contestada

A remittance advice is a(n):_____.
a. explanation for a payment by check.
b. cancelled check.
c. bank statement.
d. electronic funds transfer.
e. internal voucher.

Respuesta :

The correct option is d. electronic funds transfer.

A remittance advice is electronic funds transfer.

What is remittance?

A remittance is money being sent from one person to another. A remittance is broadly defined as any payment of the an invoice or bill.

Even so, the term is most commonly used nowadays to refer to a sum of money sent home by someone working overseas to their family.

Some key features regarding the remittance are-

  • A remittance is cash sent to someone else, usually in an another country.
  • The sender is typically a foreign worker, and the recipient is just a member with in recipient's home nation.
  • Remittances are one of the most important income sources for individuals living in low-income and emerging nations.
  • Remittances frequently outnumber direct investment as well as international development assistance received by a country.
  • Remittances are seen as a prospective source of money for terrorism by intelligence agencies.

To know more about the remittance, here

https://brainly.com/question/1198319

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