The Simplest Type of Payments System Is

question 53

Multiple Choice

The simplest type of payments system is

• A)the use of definitive money for trading goods and services.
• B)the use of electronic funds transfers.
• C)barter.
• D)the use of checks issued against accounts at commercial banks for trading goods and services.

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Definitions:

Comparison-Shopping Service

A comparison-shopping service is an online tool that allows consumers to compare the prices and features of products or services from different vendors to make more informed purchasing decisions.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure free movement of people, goods, services, and capital.

Search Results

The listing of web pages returned by a search engine in response to a user's query, often ranked by relevance, popularity, or other criteria.

Antitrust Violation

Refers to activities that reduce competition in the marketplace, including monopolies and illegal mergers, in violation of antitrust laws.