Which of the following observations is NOT true?
A)The use of electronic methods of payment is far higher in major developed countries other than the United States.
B)E-money payments are virtually nonexistent in the United States.
C)Money stored in e-money accounts and cards is covered by deposit insurance.
D)U.S.FIs have been slow in adopting and using online banking and electronic payment methods extensively.

Question

Quizplus · Accepted Answer

Deposit insurance typically covers traditional bank deposits, not money stored in e-money accounts and cards.

Which of the Following Observations Is NOT True