4
QuizMultiple Choice

Electronic Transactions and Digital Currency

Question 4 • FL-2102371-Personal Finance and Money Management

How are digital wallets and P2P payment services alike?

Answer
T
They can be used to move money right away.
T
They can be completed by going into a traditional bank.
T
They require physical cards to start transactions.
T
They are primarily used for automatic billing.

Explanation

Both digital wallets and peer-to-peer (P2P) payment services let users send or transfer money electronically, often nearly instantly. They do not require visiting a traditional bank or using a physical card for every transaction, and automatic billing is not their primary shared purpose. The correct choice is “They can be used to move money right away.”

AI-written and checked against the verified answer.

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