5
AssignmentMultiple Choice

Understanding Checking and Debit Accounts

Question 5 • Personal Finance - EL3403

What is a primary feature of digital wallets?

Answer
A
secure storage and easy use of payment information
B
limit payments to subscription services only
C
store physical currency in a digital format
D
transfer funds using ATMs

Explanation

Digital wallets securely store payment details, such as card information, so users can make payments conveniently. They do not turn physical cash into digital currency, restrict payments to subscriptions, or require ATM transfers. Therefore, the primary feature is secure storage and easy use of payment information.

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