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Modern means of payment is greatly facilitated by

Commerce
JAMB 2020

Modern means of payment is greatly facilitated by

  • A. e-banking
  • B. paper money
  • C. credit transfer
  • D. e-commerce
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Correct Answer: Option A
Explanation

E-banking otherwise known as electronic banking is a secure, fast, and convenient banking facility that allows bank customers to undertake online banking services anytime during the day in any part of the world.

With the invention of electronic banking, bank customers can perform monetary transactions to any part of the world from the comfort of their homes with the use of internet services


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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