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

Money can be sent anywhere through electronic means.

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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.

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