Money can be sent anywhere through electronic means. - Vidyadip

Question

Money can be sent anywhere through electronic means.

✓

Answer

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 electronic means.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "State with reason, whether you agree or disagree with the following statement" from Money→Money — all question types→Economics STD 11 Commerce / Arts question papers→Maharashtra Board STD 11 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

RRBs are set up as rural-oriented commercial banks with a low-cost profile of co-operatives.

There are many good qualities found in modern currency.

Plastic money can play an important role in eradicating corruption in India.

The death rate is falling rapidly in India.

Liberalization has permitted the use of foreign technology.

Disguised unemployment is a part of urban unemployment.

The concepts of economic development and economic growth are interrelated but not the same.

Educated unemployment is due to a defective education system.

Q2 divides the series into equal parts.

The birth rate is declining due to changes in the standard of living.