MULTIPLE CHOICE…..!!!!
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Order Paper NowQuestion 1
1. Payment card service companies
charge merchants per-transaction fees and monthly processing fees
True
False
QUESTION 2
1.
Electronic cash
can be traced back to the person who spent it.
True
False
QUESTION 3
please
put a 1 ,2, or 3 to tell what order they
go in….
1.
Steps followed
once a merchant receives a consumer’s payment card information:
Merchant authenticates payment card
Merchant checks with payment card
issuer
Settlement of balance with the
issuer
QUESTION 4
1.
Which is not a
disadvantages of electronic cash
A. |
No |
|
B. |
Money |
|
C. |
Transactions |
|
D. |
Susceptible |
QUESTION 5
1.
Electronic Cash
can not serve as a substitute for government-issued physical currency.
True
False
QUESTION 6
1.
Electronic Wallets
hold credit card numbers, electronic cash, owner identification, and contact
information.
True
False
QUESTION 7
1.
Match the term and
definition
|
|
QUESTION 8
1.
One advantage of
electronic cash is that it costs less than processing credit card transactions.
True
False