16-79 Which of the following observations concerning e-money is NOT true?
A)Check writing lays the foundation of e-money.
B)E-money removes the middleman from a transaction.
C)The e-money user transfers the money from his or her bank account to the account of the funds' receiver.
D)The primary function of e-money is to facilitate transactions on the Internet.
E)E-money is not a cost efficient way of managing transactions that are small in value.

Question

Quizplus · Accepted Answer

E-money is considered a cost-efficient way of managing transactions, especially those that are small in value. Therefore, the observation that e-money is not a cost efficient way of managing transactions that are small in value is not true.

16-79 Which of the Following Observations Concerning E-Money Is NOT