Money can be sent anywhere through electronic means.

Question

State with reasons whether you agree or disagree with the statements:

Money can be sent anywhere through electronic means.

Answer 1

Yes, I do agree with the statement..

• With the invention of new technologies, like mobile phones, tablets, smart cards, computers, etc, money can be sent anywhere nationally or globally. 
• E-money is a monetary value that is stored and transferred as and when desired through various means. 
• It is the safest mode of transfer as it is backed and monitored by the Central Bank. 
• It is also called a digital wallet. 
• Hence, money can be sent anywhere through elect
• ronic means.