2
QuizMultiple Choice

Electronic Transactions and Digital Currency — Quiz

Question 2 • Personal Finance

In which of these scenarios is Peer-to-Peer (P2P) the best payment method?

Answer
A
Felix is paying for parking at an unmanned terminal.
B
Lucy is paying for a monthly subscription service.
C
Ted is lending money to a friend in another city for an emergency.
D
Trish is buying textbooks from an online store.

Explanation

Peer-to-peer payments are designed for sending money directly from one person to another. Ted is lending money to a friend in another city, so a P2P payment is the best fit. Parking terminals, subscriptions, and online stores typically use other payment methods.

AI-written and checked against the verified answer.

Previous
Next