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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is PayPal?

Name of a commercial bank

An electronic commerce company that facilitates payments between parties through online transfers.

An e-wallet and payments app that allows users to make payments and transfer money digitally.

All are correct

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sending money to friends or family by PayPal costs no fees

T

F

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

PayPal does charge a fee for purchases

T

F

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much does PayPal charge for instant access to money?

2

1

1.5

2.5

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some fees vary that based on the type of service?

Opening account fees and Receiving Donations fees

Purchase fees and transfer fees

, Opening account fees and transfer fees

Sending international personal transactions fees, Buying and Selling Cryptocurrencies fees

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The P2P operator uses the online platform to directly match borrowers and investors rather than acting as a traditional financial intermediary.

T

F

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a benefit of P2P?

Access for all – ‘democratic’

Higher cost

Faster, better customer service

Disintermediation and economic efficiency

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