17
QuizMultiple Choice

Earning Income — Test

Question 17 • Personal Finance

Which is an accurate description of digital currency?

Answer
A
A government-controlled online currency like electronic cash.
B
A bank-approved electronic version of paper money for certain banking apps.
C
A type of money used everywhere without needing internet access.
D
A currency that uses online networks and offers privacy.

Explanation

Digital currency exists in electronic form and is exchanged through digital networks rather than as physical cash. Some forms also provide privacy features, so “a currency that uses online networks and offers privacy” is the most accurate description. It does not necessarily require government control or work without internet access.

AI-written and checked against the verified answer.

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