Download App

Money and Banking — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsMoney and Banking1 Mark
Question
What do you know about electronic payment methods?
✓

Answer

An electronic payment is any kind of non-cash payment that doesn't involve a paper cheque. Methods of electronic payments include credit cards, debit cards and the ACH (Automated Clearing House) network. The ACH system comprises direct deposit, direct debit and electronic cheques (e-cheques).

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 "1 Marks Question" from Money and Banking→Money and Banking — all question types→Economics STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

Define domestic product.
→
Name the three methods of measuring National Income.
→
If the revenue receipts are ₹ 1,000 crores and revenue expenditure is ₹ 1,200 crores, how much will be the revenue deficit?
→
Why APC falls with the increase in income?
→
What is the significance of primary deficit?
→
What is reverse repo rate?
→
Give the meaning of deficient demand.
→
Define final product or final goods.
→
Will the following items be included or not in National Income of India? Give reason for your answer.
Entertainment allowance to employees for entertaining business.
OR
Travelling expenses paid to salesman by the employer.
→
What monetary system does India follow?
→