Which of the following is a TRUE statement about electronic funds transfer (EFT) and split disbursement?

The statement that both electronic funds transfer (EFT) and split disbursement are usually mandatory is accurate. In many contexts, specifically within government and certain financial systems, the use of EFT is often required to facilitate efficient, secure, and timely payments. This is due to the benefits associated with electronic transfers, such as reduced processing time and improved tracking capabilities.

Additionally, split disbursement is a practice that is commonly mandated for certain types of payments, especially in federal systems. It allows for the separation of payments into multiple accounts, which can be essential for compliance with budgetary and reporting requirements.

By recognizing that both practices are generally essential components of contemporary financial management frameworks, it becomes clear why this statement is true. In contrast, the other statements either misrepresent the requirements associated with EFT and split disbursement or suggest conditions that do not reflect standard practices in these contexts.