Which of the Following Characteristics of New Payment Methods Has

question 48

Multiple Choice

Which of the following characteristics of new payment methods has facilitated money laundering and terrorist financing?

• A) anonymity in transactions
• B) increased competition
• C) lower cost
• D) lower interest rates

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Definitions:

Castes

Social stratification systems found in some societies, where individuals are born into specific social groups with defined roles and privileges.

Digital Age

The Digital Age refers to the current era marked by the widespread use of digital technology, including computers, the internet, and other forms of digital communication.

Geographical Region

A specific area or section of the world, or of a particular country, characterized by its own distinctive climate, physical features, or administrative boundaries.

Social Class

A category of individuals in a stratified society who have equal or nearly equal prestige according to the system of evaluation.