When using an) ______________ payment system, buyers create a special online account from which funds can be sent to merchants or individuals. PayPal is perhaps the most popular example of this method.
A) Electronic checks
B) Micropayments
C) e-Cash person to person)
D) Electronic funds transfer EFT)

Question

Quizplus · Accepted Answer

While PayPal can also be considered an electronic funds transfer (EFT) system, the question specifically mentions a special online account, which is more indicative of e-Cash person to person (P2P) systems like PayPal. Electronic checks and micropayments are not directly related to the use of an online account, and are therefore not the best choices for this question.

When Using An) ______________ Payment System, Buyers Create a Special