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Questions and Answers
Which of the following is NOT an advantage of electronic currency?
Electronic currency eliminates the risk of fraud completely.
False
Name one disadvantage of using electronic currency.
Privacy concerns
One advantage of electronic currency is its ability to provide __________ transactions.
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Match the following advantages and disadvantages of electronic currency:
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Study Notes
Electronic Currency Advantages
- Electronic currency facilitates swift and convenient transactions.
- It reduces the need for physical cash, making it easier to manage finances.
Electronic Currency Disadvantages
- Electronic currency does not eliminate the risk of fraud completely.
- It requires reliable internet connections and secure digital infrastructure.
Electronic Currency: Key Fact
- One advantage of electronic currency is its ability to provide instantaneous transactions.
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Description
Test your knowledge about the advantages and disadvantages of electronic currency. This quiz covers fraud risks, transaction benefits, and helps you understand the complexities of digital money. Explore how electronic currency impacts modern finance.
