JAMB Commerce 2009 Objective — Question 48

Question 48 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2009 Objective paper, with the correct answer and a full explanation.

48. A customer with XYZ Plc sent money through his account to his sister's account in another branch. This is an example of

A. e-business
B. e-commerce
C. e-finance
D. e-bankingCorrect

Explanation

e-banking (electronic banking) is a form of banking in which funds are transferred through electronic signals rather than cash or paper documents.

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