When Credit and Debit Card Information Is Embedded in Smartphones

question 113

Short Answer

When credit and debit card information is embedded in smartphones, you have
a mobile digital wallet.
a system which is designed to allow hackers to steal your money.
a smart card.
a point-of-sale transfer system.
a debit card

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Definitions:

Held-To-Maturity

Financial assets with fixed maturities that a company has the positive intention and ability to hold until maturity.

Debt Instrument

A debt instrument is a document or contract representing a loan made by an investor to a borrower, specifying terms of repayment and interest.

Equity Investment

Funds invested in a company by purchasing shares of its stock, representing ownership interest.

Derivative

A derivative is a financial security with a value that is reliant upon or derived from, an underlying asset or group of assets—such as stocks, bonds, commodities, currencies, interest rates, or market indexes.