Free account: track your progress — Sign up free

JAMB Commerce 2017 Objective — Question 19

Question 19 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2017 Objective paper, with the correct answer and a full explanation.

Advertisement

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

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

Explanation

Transferring funds through a bank account electronically is e-banking, a form of electronic banking.

Advertisement

Sign up free to unlock

  • Score tracking
  • Practice history
  • Saved questions
  • Progress dashboard
  • Personalized sessions
  • Weak-topic breakdown

…and/or go further with premium services and No Ads.