First Data Corporation Has Developed the GO-Tag,where

question 265

Multiple Choice

First Data Corporation has developed the GO-Tag,where:

• A)you can easily transfer funds from one account to another by implementing your tag number,and pressing "Go".
• B)a chip attached to the vendor's cash register immediately tells the vendor if you have enough funds in your checking account to cover the check you are writing.
• C)electronic funds transfer systems operate in cyberspace,by tagging each step in the process.
• D)a small chip that is attached to a cell phone or smaller card such as a badge that can make a transaction from one account to another without the need to swipe the card.

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Definitions:

Zero Coupon Bond

A debt security that does not pay periodic interest (coupon) payments and is instead issued at a substantial discount to its face value, with the return being the difference between the purchase price and the face value at maturity.

Current Yield

The current yield is a financial metric that calculates the annual income (interest or dividends) an investment generates, divided by its current price.

Yield to Maturity

The complete yield expected from a bond assuming it is retained until it matures.

Yield to Call

The rate of return anticipated on a bond if it is held until the call date, which is before the bond's maturity, including all interest payments and the call price.