List and Briefly Explain the Main Types of E-Commerce

question 31

Essay

List and briefly explain the main types of e-commerce.

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Definitions:

Term Deposit

A deposit held at a financial institution for a fixed term that offers a fixed interest rate, where withdrawing money before the term ends usually incurs a penalty.

Bookkeeper

A person responsible for recording the financial transactions and maintaining the financial records of a business.

Principal

The original sum of money borrowed in a loan, or the amount of the investment itself.

Interest Components

Elements that contribute to the total interest calculation, often including principal, rate, and time.