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What are the major similarities between e-cash and physical cash?

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kimoyo | Student, Undergraduate | (Level 1) Salutatorian

Posted April 3, 2013 at 2:31 PM via web

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What are the major similarities between e-cash and physical cash?

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farouk23 | College Teacher | (Level 1) Associate Educator

Posted September 30, 2013 at 10:43 PM (Answer #2)

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Cash is essentially a physical or inferred representation of currency used for the purchase of goods and services or as a compensation for labour. When broken down cash is essentially just a means of exchange. Physical cash is the paper currency we use regularly while e-cash can be anything from debit cards to cash valued electronic gift cards.

The major similarities between e-cash and physical cash are:

  1. They both have stated value
  2. They are both used as a means of exchange
  3. They are both divisible
  4. They are both portable

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