Which of the Following Observations Concerning E-Money Is NOT True

Multiple Choice

Which of the following observations concerning e-money is NOT true?

A) Check writing lays the foundation of e-money.
B) E-money removes the middleman from a transaction.
C) The e-money user transfers the money from his or her bank account to the account of the funds' receiver.
D) The primary function of e-money is to facilitate transactions on the Internet.
E) E-money is not a cost efficient way of managing transactions that are small in value.