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JAMB Commerce 2012 Question 48

Question 48

Banking

Modern means of payment is greatly facilitated by

  1. A.e-commerce
  2. B.paper money
  3. C.e-banking
  4. D.credit transfer.
Show the answer and explanation

Answer: C (e-banking)

Explanation

E-banking (cards, transfers, mobile banking) makes payment fast and cashless.