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Financial Economics - Digital Money I A-Level and IB Economics

Level:
A-Level, IB Diploma

Last updated 15 Jan 2024

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What is digital money? This short topic video explains digital money and some of the trends in usage of digital money platforms such as Apple Pay and Google Pay. Digital money is a medium of exchange that exists only in electronic form, with no physical counterpart. Digital money can be used for various transactions, such as online shopping, remittances, or peer-to-peer payments, often with lower fees or faster speeds than traditional payment methods.

Financial Economics - Digital Money I A-Level and IB Economics
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