QUESTION IMAGE
Question
select an answer from the options below. a reduces the risk of fraud and theft b involves no transaction fees c offers immediate access to cash
This question relates to benefits of non-cash or digital payment methods. Option B is incorrect because most electronic transactions have associated fees. Option C is incorrect as non-cash methods do not offer immediate cash access, unlike physical cash. Option A is correct because digital/non-cash transactions leave audit trails and use encryption, lowering fraud and theft risk compared to physical cash.
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A. Reduces the risk of fraud and theft