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:

Facilitative Assistance

Support provided to individuals or groups to make tasks easier, often through the provision of resources, guidance, or enabling conditions.

Tax-Supported Education

Education that is funded through public taxes, providing free or low-cost learning opportunities to individuals within the community.

Publicly Funded

Financed by the government through tax-payer money, often used in the context of educational and healthcare institutions, as well as infrastructure projects.

Democracy

A form of government where power is held by the people, either directly or through elected representatives.