Which of the Following Observations Is NOT True

question 49

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 above.

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Definitions:

Net Worth

The total assets minus total liabilities of an individual or company, indicating financial health.

Shareholders

Individuals or entities that own shares in a corporation, entitling them to a portion of its earnings and assets.

Retained Earnings

The portion of a company's profits that is kept or retained within the company instead of being paid out to shareholders as dividends.

Shareholders

Individuals or entities that own a share or multiple shares of stock in a corporation, granting them ownership interests and rights within the company.