Which of the Following Observations Concerning E-Money Is NOT True

question 52

Multiple Choice

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.

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Definitions:

Bereavement Time

Time that an employee can take off when a family member or very close friend dies.

Coordinates

A set of numbers that determine the position of a point or object within a space.

Compliance

The act of conforming to, following, or obeying a rule, law, or order.

Form I-9

A document used in the United States for verifying the identity and employment authorization of individuals hired for employment.