Asked by Stephanie Springstroh on Jul 03, 2024
Verified
Modern credit cards are _________ cards.
A) electronic credit
B) purchasing
C) smart
D) stored-value money
Modern Credit Cards
Financial instruments embedded with microprocessor chips that store and protect cardholder data, enhancing security and facilitating various payment functions.
Stored-value Money
Refers to monetary value represented in a digital format, often used in prepaid cards and digital wallets, enabling cashless transactions.
Smart
Having or showing a quick-witted intelligence or incorporating technology that allows for operation in a more efficient or sophisticated manner.
- Discern assorted types of electronic payment methods and their respective uses.
Verified Answer
Learning Objectives
- Discern assorted types of electronic payment methods and their respective uses.
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