Electronic Transactions and Digital Currency — Quiz
Question 1 • Personal Finance
Read the scenario. Jerrod is at an electronics store, planning to buy a new laptop. He wants to track his spending and earn rewards points as a loyal customer. Why might it be best for Jerrod to use a digital wallet to buy the laptop?
Answer
A
They put payment methods and rewards together in one app.
B
They guarantee to match prices with other stores.
C
They give instant refunds on returns.
D
They mostly use E-checks to transfer funds.
Explanation
A digital wallet can store payment methods and loyalty rewards together in one app. That makes it easier for Jerrod to pay for the laptop while tracking his spending and earning rewards points. Digital wallets do not guarantee price matching or instant refunds, and they are not mainly based on E-checks.
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