Which of the following is a benefit of using electronic payments for consumers?

Using electronic payments offers the significant benefit of convenient management of deposits and payments. This convenience allows consumers to execute transactions anytime and anywhere, without the constraints of traditional banking hours or the need to physically visit a branch. With electronic payments, individuals can streamline their financial management by easily tracking their expenses, scheduling payments, and making deposits online. This fosters a more efficient and flexible way to handle finances compared to traditional methods, which often require more time and effort.

The focus on ease of access and efficiency is what makes the option of convenient management appealing, especially in today’s fast-paced world where consumers value convenience and time savings.