Asked by Luqman Waheeduddin on Jul 20, 2024
Verified
Online money is another term for cryptocurrency?
Cryptocurrency
A digital or virtual currency that uses cryptography for security and operates independently of a central bank.
Online Money
Represents digital forms of currency and financial transactions conducted through the internet, including digital payments and cryptocurrencies.
- Recognize and discern between different currencies, emphasizing the role of cryptocurrencies.
Verified Answer
SK
Shirley KwabbyJul 23, 2024
Final Answer :
False
Explanation :
Online money refers to any form of currency or monetary value that is used and exchanged in digital form over the internet, which includes cryptocurrencies but also encompasses other forms of digital currencies and electronic money, not exclusively cryptocurrencies.
Learning Objectives
- Recognize and discern between different currencies, emphasizing the role of cryptocurrencies.
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