A System for Electronic Funds Transfers (EFT) in Which Machines

question 8

Multiple Choice

A system for electronic funds transfers (EFT) in which machines are located in a merchant's store and are activated by the consumer's identification card and code is:

• A) POS.
• B) RAM.
• C) EFTA.
• D) DOS.

---

Definitions:

Rating Agencies

Companies that assess the financial strength of entities and their capabilities to meet financial commitments, providing ratings that indicate the risk level of investing in their debt.

Bond Rating Agency

An organization that assesses the creditworthiness of both corporations and governmental entities and assigns ratings to their various debt securities.

Quantitative Data

A type of data that can be counted or measured and expressed numerically, facilitating statistical analysis.

Debt Servicing

The process of making interest and principal payments on debt over time.