the economics of money, banking, and financial markets

77 #

© 2014 Pearson Canada Inc.#

12. 
    

    During the past two decades an important characteristic of the modern payments system has
    been the rapidly increasing use of ____.
    A) cheques and decreasing use of currency
    B) electronic payments
    C) commodity monies
    D) fiat money
    Answer: B
    Diff: 1 Type: MC Page Ref: 51
    Skill: Recall
    Objective List: 3.3 Show understanding of payments system and illustrate how information
    technology has paved the way for e-money, e-banking, and e-commerce

    
    


13. 
    

    Which of the following is not a form of e-money?
    A) A debit card
    B) A credit card
    C) A stored-value card
    D) A smart card
    Answer: B
    Diff: 1 Type: MC Page Ref: 51 - 52
    Skill: Applied
    Objective List: 3.3 Show understanding of payments system and illustrate how information
    technology has paved the way for e-money, e-banking, and e-commerce

    
    


14. 
    

    E-cash is used for payments ____.
    A) that are always secure
    B) that are very important
    C) on the internet
    D) in any transaction
    Answer: C
    Diff: 2 Type: MC Page Ref: 52
    Skill: Recall
    Objective List: 3.3 Show understanding of payments system and illustrate how information
    technology has paved the way for e-money, e-banking, and e-commerce

    
    


15. 
    

    A smart card is the equivalent of ____.
    A) cash
    B) savings bonds
    C) savings deposits
    D) certificates of deposit
    Answer: A
    Diff: 1 Type: MC Page Ref: 52
    Skill: Applied
    Objective List: 3.3 Show understanding of payments system and illustrate how information
    technology has paved the way for e-money, e-banking, and e-commerce