O Levels Economics (2281)•2281/12/O/N/23

Explanation
Anonymity in Payment Methods
Steps:
- Identify payment methods that reveal customer details like name, account, or transaction history.
- Evaluate cash: No personal data shared during transaction.
- Evaluate cards: Require account linkage for processing.
- Evaluate smartphones: Often use digital wallets tied to personal info.
Why A is correct:
- Cash transactions are anonymous by definition, exchanging physical currency without any personal identifiers or records.
Why the others are wrong:
- B. Debit cards link to bank accounts, sharing customer financial details with sellers and processors.
- C. Credit cards provide cardholder name, number, and billing info to verify and process payments.
- D. Smartphones enable payments via apps that track user identity and location through linked accounts.
Final answer: A
Topic: Money and banking
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