We use many electronic forms of money: debit cards,online bill payments,electronic bank drafts,and wire transfers.These forms of money make an important point - the essence of money is that it is a form of ______.

Question

Quizplus · Accepted Answer

The statement specifically mentions that these electronic forms of money highlight that the essence of money is that it is a form of information. Money represents value that can be transferred and exchanged between parties, and electronic forms of money demonstrate that this transfer can occur without the need for physical currency or cash.

We Use Many Electronic Forms of Money: Debit Cards,online Bill