Question

what are the merits of e-money​

Answer 1

Explanation:

E-money can be used anytime and anywhere. It is probably the best form of money to use for international transactions, as there are no hassles of currency exchange. It is reliable, faster than paper checks and drafts, and has low costs of transaction.

Answer 2

Explanation:

There are several merits :-

1. Can be used anytime and anywhere.

2. It is probably the best form of money to use for international transactions

3. It is reliable, faster than paper checks and drafts, and has low costs of transaction