Question 2 The nature of money has been evolving since ancient times. In order to be accepted as "Money", it has to have a few inherent characteristics.

a) Explain the traditional characteristics of "Money". (5 marks)

b) Explain the meaning of E-Money and give an example of its use and operation

c) Discuss briefly the principles and minimum standards imposed by Bank Negara that

E-Money issuers have to comply with? (10 marks)