Which of the Following Observations Is NOT True

question 62

Multiple Choice

Which of the following observations is NOT true?

• A)The use of electronic methods of payment is far higher in major developed countries other than the United States.
• B)E-money payments are virtually nonexistent in the United States.
• C)Money stored in e-money accounts and cards is covered by deposit insurance.
• D)U.S.FIs have been slow in adopting and using online banking and electronic payment methods extensively.
• E)All of the options.

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Definitions:

Low-Wage Countries

Nations where the general level of wages is significantly lower than in industrialized countries.

Domestic Resources

Resources found within a country’s borders that can be used for economic gain, such as labor, land, and raw materials.

North American Free Trade Agreement

A trade agreement between Canada, Mexico, and the United States aimed at eliminating tariffs and reducing trade barriers.

U.S. Trade

The exchange of goods and services between the United States and its trading partners, involving exports, imports, and the balance of trade dynamics.