An Important Characteristic of E-Wallets Is That

question 19

Multiple Choice

An important characteristic of E-wallets is that:

• A)It is exactly the same as regular cash
• B)It is the same as EDI
• C)It contains the identity of the user
• D)Users must also supply a credit card number when using it

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Definitions:

Market Value

Market value is the current price at which an asset or service can be bought or sold in a marketplace, often influenced by supply and demand dynamics.

Useful Life

The estimated period over which an asset is expected to be usable for its intended purpose.

Plant Asset

Long-term tangible assets used in the production and operation of a company, excluding inventory.

FASB

The Financial Accounting Standards Board, an independent organization responsible for establishing accounting and financial reporting standards in the United States.