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Question

Which of the following types of currencies can be transacted at the touch of a button?

A
E-money
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B
Cash
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C
Commodity money
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D
Demand drafts
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Solution

The correct option is A E-money
The evolution of technology has enabled us to move beyond physical cash. Transactions can be made with the click of a button on our mobile phones. People can virtually store their money on various platforms. This money is referred to as e-money.

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