Which of the following is similar to personal cheques, but feasible for very…

2016

Which of the following is similar to personal cheques, but feasible for very small transactions?

  1. A.

    ATM

  2. B.

    E-cash

  3. C.

    Debit card

  4. D.

    Credit card

Attempted by 50 students.

Show answer & explanation

Correct answer: B

the question asks for a payment method similar to personal cheques but feasible for very small transactions. E-cash (electronic cash or digital cash) mimics the properties of physical cash or paper cheques in a digital format. While writing a traditional personal cheque for extremely small amounts (micropayments) is highly impractical due to high processing overheads and bank fees, E-cash systems are specifically optimized to handle very small, low-overhead digital transactions efficiently over the internet.

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