Why are electronic transfers safer than cash?

A. • Cash is harder to trace if lost.
B. • Electronic transfers are well documented.
C. • Cash is guaranteed and electronic transfers are not.
D. • Electronic transfers are more common than using cash.

1 answer

B. • Electronic transfers are well documented.

Electronic transfers leave a digital trail that can be easily tracked and verified, making it easier to resolve any issues or disputes. Cash, on the other hand, provides little to no record of a transaction, making it more difficult to prove payment or recover lost funds.
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