Why are electronic transfers safer than cash?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0ACash is harder to trace if lost.%0D%0A%0D%0ACash is harder to trace if lost.%0D%0A%0D%0AElectronic transfers are well documented.%0D%0A%0D%0AElectronic transfers are well documented.%0D%0A%0D%0ACash is guaranteed and electronic transfers are not.%0D%0A%0D%0ACash is guaranteed and electronic transfers are not.%0D%0A%0D%0AElectronic transfers are more common than using cash
Electronic transfers are safer than cash for several reasons. One important reason is that electronic transfers are well-documented, meaning there is a record of the transaction that can be easily traced and verified. This can help prevent fraud and provide a clear trail in case of any disputes or issues.
In contrast, cash is harder to trace if lost or stolen. Once cash is taken, it can be difficult to recover or prove ownership. Additionally, cash transactions do not leave a digital trail like electronic transfers do, making it easier for illegal activities to go unnoticed.
Furthermore, electronic transfers are more secure in terms of guaranteeing the transfer of funds. With cash, there is no guarantee that the payment will be made or received as promised. Electronic transfers, on the other hand, are typically backed by financial institutions and provide added security and protection for both the sender and receiver.
Overall, electronic transfers offer more security, accountability, and convenience compared to cash transactions, making them a safer option for transferring money.