Question

This is a form of electronic currency that exists only in cyberspace this type of currency has no real physical properties but offer the ability to use real currency in an electronic format The given statement point out one way of payment in an emerging modes of business define the emerging mode of business and explain two other ways of payment in this mode of business

Answer 1

Answer:

Online business is an emerging mode of business and is defined as any kind of business or commercial transaction that comprises of sharing information across the internet. Commerce institutes the exchange of products and services among businesses, groups and individuals and be one of the vital activities of any business.

Two ways of payment in emerging mode of business:

• Online credit cards and debit cards

• eChecks through ACH processing