Digital cash refers to the electronic transfer of funds from one party to
another. When digital cash is referred to as anonymous or identified, it
means that:

A.
Anonymous the identity of the bank is withheld; Identified the
identity of the bank is not withheld

B.
Anonymous the identity of the cash holder is not known;
Identified the identity of the cash holder is known

C.
Anonymous the identity of the cash holder is not known;
Identified the identity of the merchant is known

D.
Anonymous the identity of merchant is withheld; Identified the
identity of the merchant is not withheld

Explanation:
Anonymous implementations of digital cash do not identify the
cash holder and use blind signature schemes; identified implementations
use conventional digital signatures to identify the cash holder.
In looking at these two approaches, anonymous schemes are analogous
to cash since cash does not allow tracing of the person who
made the cash payment while identified approaches are the analog of
credit or debit card transactions.