Asked by Stephanie Springstroh on Jul 03, 2024

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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.
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nisha retawJul 05, 2024
Final Answer :
C
Explanation :
Modern credit cards are often referred to as "smart cards" because they contain integrated circuits (chips) that allow for secure data storage and communication, making transactions more secure and enabling additional functionalities beyond just credit.