5
QuizMultiple Choice

Electronic Transactions and Digital Currency — Quiz

Question 5 • Personal Finance

In which scenario would using a digital wallet be the most advantageous?

Answer
A
Zack needs to pay the bus fare where only cash and card are accepted.
B
Luke is contributing to an office gift by paying a colleague.
C
Alan is paying his roommate for shared rent expenses using a physical check.
D
Greg is shopping online at a retailer that gives loyalty rewards for using their app.

Explanation

A digital wallet is especially useful for online purchases, and in this case using the retailer’s app also earns loyalty rewards. Zack cannot use a digital wallet where only cash and cards are accepted. Luke and Alan could use digital payment methods, but the scenario gives no special advantage like the rewards Greg can receive.

AI-written and checked against the verified answer.

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