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The primary focus of electronic banking is indeed on the online management of personal financial accounts. It encompasses a wide range of banking activities facilitated through electronic means, which significantly streamline the access and management of banking services. This includes checking account balances, initiating transfers, and managing loans or investments online.

While the exchange of electronic signals between financial institutions is an important aspect of the underlying technology that allows for processes such as rapid fund transfers and interbank communications, it does not capture the full scope of what electronic banking entails from the consumer's perspective. Electronic banking is primarily consumer-driven, where individuals utilize technology to perform banking activities, which is most accurately represented by the management of personal financial accounts.

The options involving physical checks and cryptocurrency also do not reflect the core essence of electronic banking, as electronic banking is meant to enhance convenience and accessibility primarily through online platforms rather than traditional or digital currencies.