Q. The financial business transaction that occur over an electronic network is known as:

A
E-commerce
B
Online shopping
C
Online auction
D
Intenet banking
Solution:

Electronic commerce is a way of doing business over large electronic networks such as the Internet. Also called e-commerce, electronic commerce greatly facilitates transactions between companies and consumers (B2C), between one company and another (B2B), and between individual consumers (C2C).

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