Final answer:
The EFT Tango is a simplified electronic funds transfer system used for making financial transactions. It combines EFT and Tango to represent its smooth and orderly movement. EFT Tango enables secure and efficient electronic fund transfers between bank accounts.
Step-by-step explanation:
The EFT Tango is a simplified electronic funds transfer system used for making financial transactions. It is called the EFT Tango because it combines two key elements: 1) EFT, which stands for electronic funds transfer, and 2) Tango, which represents the smooth and orderly movement involved in performing such transfers.
The EFT Tango enables individuals or businesses to electronically transfer funds between different bank accounts. It is a secure and efficient method of payment that eliminates the need for physical checks or cash. EFT Tango is widely used for various purposes, including salary payments, bill settlements, and online purchases.