Question

system that makes use of currency for facilitating payments

Answer 1

Answer:

In terms of economics, the system that makes use of currency for facilitating payments is termed as "electronic money or e-commerce payment system".

Explanation:

This is a part of the banking systems and are fed on computer and this makes the best use of electronic transfer of money to people when they need it.

Again, payments and settlement systems are used to undergo transactions when a person needs it. All these are part of the e-commerce payment systems that have made the process of transfer of money through electronic means very simple.