Question

question 11 of 13 what is a major drawback of using wire transfers compared to ach transfers? select an answer from the options below. a higher fees b slower processing time c more security risks

Explanation:

Wire transfers are processed nearly in real-time, while ACH transfers are batched and processed at set intervals, resulting in longer processing times. Higher fees are a drawback of wire transfers, not ACH, and ACH transfers do not carry more security risks than wire transfers.

Answer:

B. Slower processing time