Asked by Ahmad Ahmadzai on Jun 04, 2024
Verified
Erin uses e-money consisting of funds stored on microchips in her laptop, phone, and tablet to pay bills. This effectively replaces physical cash with virtual cash in the form of
A) coins and paper currency.
B) electronic impulses.
C) checks.
D) none of the choices.
E-money
Digital form of currency that can be used to make transactions electronically.
Virtual Cash
Digital or electronic money used for online transactions, not physically tangible.
Electronic Impulses
Electrical signals used in the transmission or processing of data in various technologies and devices.
- Identify the forms and implications of electronic money in financial transactions.
Verified Answer
CS
Courtne SmithJun 04, 2024
Final Answer :
B
Explanation :
Electronic impulses represent the virtual cash stored on devices like laptops, phones, and tablets, as they are the digital means through which e-money is stored and transferred.
Learning Objectives
- Identify the forms and implications of electronic money in financial transactions.
Related questions
Michael Just Started a New Job at Sheridan Hospital, Inc ...
What Type of E-Money Uses Microchips for Storing Data That ...
A[n] ________ Is When Money Is Transferred by an Electronic ...
Which of the Following Is True Regarding Types of Electronic ...
Which of the Following Would Be Stored Electronically on Microchips ...