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Questions and Answers
Which of the following is NOT an advantage of electronic currency?
Which of the following is NOT an advantage of electronic currency?
- High transaction fees (correct)
- Increased security
- Global accessibility
- Immediate transactions
Electronic currency eliminates the risk of fraud completely.
Electronic currency eliminates the risk of fraud completely.
False (B)
Name one disadvantage of using electronic currency.
Name one disadvantage of using electronic currency.
Privacy concerns
One advantage of electronic currency is its ability to provide __________ transactions.
One advantage of electronic currency is its ability to provide __________ transactions.
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Match the following advantages and disadvantages of electronic currency:
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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