What Type of Card Allows You to Make a Payment

question 56

Multiple Choice

What type of card allows you to make a payment using money that was loaded onto the card in advance?

• A) Prepaid card.
• B) Debit card with PIN.
• C) Debit card with signature.
• D) Credit card.

---

Definitions:

Market Equilibrium

The state in which market supply and demand balance each other, resulting in stable prices.

Producer Surplus

The difference between the amount a producer is willing to accept for a product versus what they actually receive.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.

Market Equilibrium

A situation in a market where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable price for the product or service.