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.