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Buyers and sellers use digital technology to send and receive funds. Digital assets have value and are stored digitally.

Check Your Understanding - Question 2 of 2

Which situation is not an example of a digital transaction?

A. You write a check to your landlord for the rent.
B. Your friend has an emergency, and you send him instant cash, using your phone.
C. You tip the driver for a ride, using a rideshare app.
D. You scan the QR code on a box of cereal to download a coupon.


Sagot :

Final answer:

Digital transactions involve digital technology for fund exchange. Writing a check is not a digital transaction.


Explanation:

Digital transactions involve the exchange of funds using digital technology. The situation that is not an example of a digital transaction is when you write a check to your landlord for the rent. While checks involve a physical paper order, the other options like sending instant cash via phone, tipping through a rideshare app, or using a QR code for a digital coupon are all examples of digital transactions.


Learn more about digital transactions here:

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