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A customer with ABC Plc sent money through his account to his sister's account in...

Commerce
JAMB 2020

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

  • A. e-business
  • B. e-commerce
  • C. e-banking
  • D. e-finance
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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Correct Answer: Option C
Explanation

E-banking is a modern electronic banking method that allows bank customers to send and receive money from one bank to another, with the aid of the internet, at any time of the day and at any part of the world. 


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WAEC offline past questions - with all answers and explanations in one app - Download for free
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709