Smart cards and digital cash
A) cannot serve as a medium of exchange.
B) are more prone to theft than currency is.
C) will increasingly replace checks in many transactions.
D) are only accepted in transactions between banks.
Correct Answer:
Verified
Q56: Money is
A) anything that serves as a
Q57: When you write a check to deposit
Q58: Why is a smart card less vulnerable
Q59: Digital cash
A) offers no advantages over paper
Q60: Digital cash
A) consists of M1 and M2
B)
Q62: Which of the following is FALSE?
A) The
Q63: Which of the following is FALSE?
A) Banks
Q64: Which of the following is FALSE?
A) All
Q65: Which of the following is FALSE?
A) Balances
Q66: Without money, exchange is conducted by _
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