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InterviewSolution
| 1. |
what is the payment mechanism which is peculiar to e-business called? |
| Answer» Digital cash- debit and credit cards<br>Credit and debit card<br>Digital cash<br>The payment mechanism that is typical to e-business is e-cash. The other payment mechanisms mentioned—CoD, cheques, and credit or debit cards—are used for transactions in traditional modes of business as well as in e-business. However, e-cash payment can be made only in the case of online transactions and cannot be used in traditional modes of business. | |