Jarod Wants to Learn More About His Options for Secure

question 45

Multiple Choice

Jarod wants to learn more about his options for secure transactions while conducting e-commerce. Jarod learns that all of the following are true about a one-time-use credit card number EXCEPT ____.

• A) A one-time-use credit card number is called a controlled payment number.
• B) One-time-use credit card numbers allow consumers to make purchases while keeping their actual card numbers hidden.
• C) Banks and credit card companies offer this service.
• D) A one-time-use credit card number works for up to 10 online purchases.

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Definitions:

Financial Instrument

Any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Bank Overdraft

A facility that allows an individual or business to withdraw more money from a bank account than has been deposited, up to an agreed limit.

Notes Payable

A liability represented by a written promise to pay a specific sum of money, usually with interest, by a specified date.

Equipment

comprises tangible assets used in operations, such as machinery and office hardware, which have a useful life beyond one year and assist in the production of goods and services.