10
QuizMultiple Choice

Electronic Transactions and Digital Currency — Quiz

Question 10 • Personal Finance

How are digital wallets and P2P payment services alike?

Answer
A
They are primarily used for automatic billing.
B
They require physical cards to start transactions.
C
They can be completed by going into a traditional bank.
D
They can be used to move money right away.

Explanation

Both digital wallets and peer-to-peer (P2P) payment services let people send or transfer money electronically, often right away. They do not generally require a physical card or a trip to a bank branch to make a transfer, so “They can be used to move money right away” is the best match.

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