The payment method that allows consumers to pay for products or services online by transmitting a unique electronic number or other identifier that represents a specific dollar value is called:
A) electronic cash
B) transmitted cash
C) stored value cash
D) quick cash

Question

Quizplus · Accepted Answer

Electronic cash (e-cash) is a payment method that allows consumers to pay for products or services online by using a unique electronic number or other identifier that represents a specific dollar value. This method simulates the functionality of paper cash in the digital environment.

The Payment Method That Allows Consumers to Pay for Products