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Question:
(a) Describe briefly how electronic money works.
(b) Give two benefits of e-money to each of the following:
(i) consumers, and
(ii) business.
(c) Outline three main barriers that may slow the widespread acceptance of electronic money if they are not overcome.
(d) Give two reasons why e-money systems will attract money launderers in the future.
(e) Discuss the positive impacts of e-money and e-banking on banks, customers and merchants.
(f) Explain briefly what can be done to fight the improper use of e-money.
McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $825 per set and have a variable cost of $395 per set. The company has spent $150,000 for a mar
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