Which of the following is a form of e-money?
A) gold
B) PayPal
C) an American Express card
D) traveler's checks

Question

Quizplus · Accepted Answer

PayPal is a form of e-money as it is an electronic payment system that allows individuals and businesses to make online transactions without sharing their financial information. A is incorrect as gold is a physical asset and not e-money. C is incorrect as an American Express card is a type of credit or debit card that requires a banking connection. D is incorrect as traveler's checks are a physical form of payment that can be converted to local currency at banks or exchange bureaus.

Which of the Following Is a Form of E-Money