Which of the Following Statements Is True of the PayPal

question 49

Multiple Choice

Which of the following statements is true of the PayPal service Venmo?

• A) A Venmo account is required to receive payments from friends or family.
• B) The email address of a recipient cannot be used to send payments through a Venmo account.
• C) A usability fee is charged when one uses his or her bank account or debit card with Venmo.
• D) Individuals are charged a standard 3% fee when they use their credit card with Venmo.

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Definitions:

Domestic Support

Financial or material assistance provided within a household, often involving alimony or child support following a divorce.

Motor Vehicles

Vehicles including cars, motorcycles, trucks, buses, and others, powered by engines for transportation on public roads.

Means Test

A process to determine an individual's eligibility for certain financial assistance programs based on income and assets.

Bankruptcy Process

A legal proceeding involving a person or business that is unable to repay their outstanding debts, which allows for the liquidation or reorganization of assets.