Question 4
Question 4 of 11

Question image for Q4
Topics Tested

Methods and uses of online processing, including the steps involved in carrying out: electronic funds transfer, automatic stock control, electronic data interchange (exchange), business-to-business buying and selling, online shopping

Types, characteristics and uses of digital currencies, including: digital/electronic currency, virtual currency, cryptocurrency, central bank digital base money, stored value cards, centralised systems (debit, credit cards, electronic point of sale), decentralised systems (Bitcoin, Litecoin, peer-to-peer electronic monetary systems, mobile electronic wallets)