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

question 28

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) EFTA.
• C) DOS.
• D) RAM.

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a certain period of time.

Effective Price

The final price a consumer pays for a product or service after accounting for any discounts, taxes, or additional charges.

Demand Curve

A graph depicting the relationship between the price of a good and the quantity demanded by consumers at those prices.

Per-Unit Burden

The cost or burden imposed on each unit of a good or service, often in the context of taxes or subsidies.