Chapter 11 Payment Systems

Chapter 11 Payment Systems - dollar are called _____....

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Question 1 1 out of 1 points Most magnetic strip cards hold value that can be recharged by inserting them into the appropriate machines, inserting currency into the machine, and withdrawing the card; the card's strip stores the increased cash value. Selected Answer: True Question 2 1 out of 1 points The basic structure of a phishing attack is fairly simple. Selected Answer: True Question 3 1 out of 1 points Money laundering is a technique used by criminals to convert money that they have obtained illegally into cash that they can spend without having it identified as the proceeds of an illegal activity. Selected Answer: True Question 4 1 out of 1 points A(n) _____ stores a consumer's information on his or her own computer. Selected Answer: client-side electronic wallet Question 5 1 out of 1 points Internet payments for items costing from a few cents to approximately a
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Unformatted text preview: dollar are called _____. Selected Answer: micropayments Question 6 1 out of 1 points Whenever a third party, such as an intermediary banks processes a transaction, the system is called a(n) _____. Selected Answer: open loop system Question 7 1 out of 1 points Scrip is digital cash minted by a company instead of by a(n) ______. Selected Answer: government Question 8 1 out of 1 points _____ is the name of the smart card offered by American Express. Selected Answer: Blue Question 9 1 out of 1 points Today, the largest dollar volume of payments are made using _____. Selected Answer: paper checks Question 10 1 out of 1 points Closed loop systems involve three or more parties. Selected Answer: False...
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Chapter 11 Payment Systems - dollar are called _____....

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