A(n)_____ refers to exchange of money or scrip electronically.
A)electronic payment
B)virtual payment
C)invoice exchange
D)demand draft exchange

Question

Quizplus · Accepted Answer

Electronic payment refers to the exchange of money or other forms of payment through electronic means such as online banking, mobile payment apps, and credit or debit card transactions. Virtual payment and invoice exchange are also forms of electronic payment, but demand draft exchange involves a physical document being exchanged and processed, which is not considered electronic.

A(n)_____ Refers to Exchange of Money or Scrip Electronically