Commerce JAMB

Modern means of payment is greatly facilitated by?

A. e-commerce
B. paper money
C. e-banking
D. credit transfer

Correct Answer:

Option C – e-banking

Explanation

E-banking: This is online banking that allows a user to conduct financial transactions via the Internet. This has greatly impacted business transactions in a way that, sellers and buyers do not necessarily need to be in direct contact before transacting business

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