Freda has a scooter that she has not been using for a while. Although she is not sure whether she would need it in future, as she recently bought a new car, she does not want to sell her scooter. She considers renting it to be the best alternative. To find people who would like to rent a scooter, she visits an online vehicle-sharing service. Using the website, Freda gets in touch with people who want to rent her scooter at an agreed-upon rate. This scenario exemplifies the system of _____.
A) a peer economy
B) distributed pricing
C) credit locking
D) security freeze

Question

Quizplus · Accepted Answer

The scenario describes a peer economy, where individuals rent or borrow goods rather than owning them outright, facilitated by a digital platform that connects them.

Freda Has a Scooter That She Has Not Been Using