Which of the Following Is Correct Regarding Ecash

question 202

Multiple Choice

Which of the following is correct regarding ecash?

• A) It is part of the established network of banks,cheques,and paper currency.
• B) Ecash transactions are more expensive than handling cheques and paper records.
• C) Ecash can be lost if the issuer's computer system crashes and the money that is "banked" in memory is lost.
• D) Tight controls over ecash have been established to prevent hackers from stealing the money.
• E) Ecash can be purchased only from banks.

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Definitions:

Action Identification Theory

A psychological theory that examines how individuals understand and conceptualize their actions, ranging from low-level details to high-level purposes.

Possible Losses

Potential negative outcomes or detriments that could occur as a result of a decision or action.

Possible Gains

Refers to the potential benefits or positive outcomes that might be achieved in a certain situation.

Tradeoffs

The balancing act of giving up one thing to gain another, often used in discussions about decision-making processes.