The Special Cards That Users Can Store in Their Cars

question 44

Multiple Choice

The special cards that users can store in their cars to gain access to parking lots and breeze through collection booths on toll roads are examples of:

• A)RFID systems
• B)NFC systems
• C)POS systems
• D)MICR systems

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Definitions:

Bond's Value

The present worth of a bond's future interest payments and its repayment of principal at maturity, adjusted for current market interest rates.

9-Year Duration

A metric indicating the sensitivity of a bond's price to changes in interest rates, represented here as the bond having an average response over a nine-year period.

Default Risks

The likelihood that a borrower will fail to meet the obligations of paying back a loan or interest payments.

Conversion Ratios

A specific figure or ratio that determines how convertible securities, like convertible bonds, can be exchanged for other types of securities, typically the common stock of a company.