Privacy Is a Major Issue in Electronic Transactions

question 21

Multiple Choice

Privacy is a major issue in electronic transactions.Therefore,the Internet should not be used if

• A) a bank uses a different digital signature for each denomination of currency.
• B) digital signatures need to be issued for coins used in electronic transactions.
• C) the IP address of one of the parties to a transaction needs to remain fully confidential.
• D) All of these answers are correct.

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Definitions:

Fair Value

An estimated market price in which an asset would be willingly bought and sold in a transaction between knowledgeable, willing parties.

Acquisition Method

A set of accounting procedures used for business combinations, where the acquiring entity accounts for the assets and liabilities of the acquired entity at their fair values.

Consideration Transferred

The total amount of assets given up or liabilities undertaken by a buyer to acquire control of a business or asset.

Book Value

The value of an asset as recorded on the balance sheet, calculated as the cost of the asset minus any depreciation, amortization, or impairment costs.