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JAMB Commerce 2009 Question 48

Question 48

Computers in Commerce

A customer with XYZ Plc sent money through his account to his sister's account in another branch. This is an example of

  1. A.e-business
  2. B.e-commerce
  3. C.e-finance
  4. D.e-banking
Show the answer and explanation

Answer: D (e-banking)

Explanation

Moving money between bank accounts electronically is e-banking.