Which of the following is not a form of e-money?
A) A debit card
B) A credit card
C) A stored-value card
D) A smart card

Question

Quizplus · Accepted Answer

A credit card is not considered e-money as it does not store pre-paid funds and does not require the user to have a balance loaded onto the card. It is a form of credit issued by a financial institution. The other options listed (debit cards, stored-value cards, smart cards) are all forms of e-money as they store pre-paid funds and can be used to make purchases without the need for physical cash or checks.

Which of the Following Is Not a Form of E-Money