What does EC stand for in the context of electronic transactions?

In the context of electronic transactions, "EC" stands for Electronic Commerce. Electronic Commerce, often abbreviated as e-commerce, refers to the buying and selling of goods and services using the internet, as well as the transfer of money and data to execute these transactions. This encompasses a wide range of business activities, including online shopping, electronic payments, and the exchange of business information.

Understanding Electronic Commerce is crucial for professionals in the field of electronic transactions, as it shapes the frameworks and regulations surrounding online business operations. E-commerce plays a vital role in modern economies, as more consumers and businesses shift towards online platforms for their transactions. This includes everything from retail websites to mobile applications that facilitate payments and service exchanges.

The other terms mentioned—Electronic Communication, Electronic Card, and Electronic Computation—though they touch on aspects related to electronic transactions, do not specifically encompass the broader concept of buying and selling that "Electronic Commerce" represents. Thus, B accurately captures the essence of EC in this context.