Question $4$

Digital wallets

I. account for roughly the same percentage of e$-$commerce payments in China and the U$.$S$.$

II$.$ account for about $50\%$ of global e$-$commerce.

III. are dominated by private entities in China.

IV$.$ have caused significant disintermediation in the banking sector in China.

II$,$ III, and IV$.$

$1,,$ N$.$

I, III, III, and IV$.$

II and III.

I, II$,$ and III.