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E money, argumentative text

Quiz by Herlina Herlina

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10 questions
Show answers
  • Q1
    What is one main advantage of using e-money over cash?
    It has a higher physical value
    Convenience and speed of transactions
    It cannot be lost or stolen
    It requires no technology to use
    30s
  • Q2
    Which statement best supports the argument against e-money?
    E-money can be susceptible to cyber attacks and fraud
    E-money is more environmentally friendly than cash
    E-money is accepted everywhere cash is not
    E-money allows for tracking of purchasing habits
    30s
  • Q3
    Why might some people prefer traditional cash over e-money?
    Cash can be used for online shopping
    Privacy and anonymity in transactions
    Cash is always easier to carry
    Cash earns interest over time
    30s
  • Q4
    What is a common concern regarding the use of e-money?
    E-money has no associated fees
    It is less secure than cash at all times
    Dependence on technology and internet access
    It can be used only in specific countries
    30s
  • Q5
    What argument is often made in favor of e-money?
    It simplifies international transactions
    It requires more physical storage space
    It always provides higher interest rates
    It is only used by younger generations
    30s
  • Q6
    How does e-money enhance consumer convenience?
    By eliminating the need for online banking
    By allowing instant payments through mobile devices
    By requiring no identification for purchases
    By providing cash back on all transactions
    30s
  • Q7
    What is a potential negative impact of widespread e-money adoption?
    Increased reliance on cash transactions
    Increased financial exclusion for those without technology access
    Reduction in transaction fees for all users
    Enhanced social interaction at payment points
    30s
  • Q8
    What role does e-money play in promoting cashless societies?
    Encouraging digital transactions for everyday purchases
    Requiring all citizens to eliminate cash altogether
    Limiting spending to small amounts only
    Increasing the physical demand for banknotes
    30s
  • Q9
    What is a key feature of e-money that differentiates it from traditional money?
    It exists in digital form and is stored electronically
    It is printed by government authorities
    It can only be used in cash transactions
    It has a fixed physical weight
    30s
  • Q10
    What is a common argument in support of e-money for businesses?
    It decreases the speed of transactions
    It can reduce transaction costs and increase efficiency
    It guarantees a fixed exchange rate
    It requires businesses to keep larger amounts of cash on hand
    30s

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