Asked by Anthony Vasquez on Apr 29, 2024
Verified
Which of the following would be stored electronically on microchips, magnetic strips, or other computer media and would allow for the elimination of physical currency?
A) Electronic funds.
B) Electronic medium.
C) Digital cash.
D) Digital resources.
E) Electronic resources.
Digital Cash
Money stored electronically and used in place of physical currency.
Electronic Funds
Money that is moved electronically from one bank account to another.
Microchips
Small, integrated circuits embedded in various devices to provide control, processing, or memory capabilities.
- Absorb the theories of electronic fund transfers and the technologies that assist in executing these operations.
Verified Answer
MM
Mukhi MitleshApr 30, 2024
Final Answer :
C
Explanation :
Digital cash is specifically designed to mimic the functionality of physical cash in an electronic format, allowing for transactions and storage on electronic devices, thereby facilitating the potential elimination of physical currency.
Learning Objectives
- Absorb the theories of electronic fund transfers and the technologies that assist in executing these operations.
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