A Set of Connections Between Banks That Issue Credit Cards

question 38

Multiple Choice

A set of connections between banks that issue credit cards, the associations that own the credit cards, and merchants' banks is called a(n) _____.

• A) check processing system
• B) zombie farm
• C) interchange network
• D) near field communication system

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Definitions:

Americans with Disabilities Act

A legal statute designed to prevent discrimination towards people with disabilities in various public sectors.

Cafeteria-style Plans

Flexible employee benefits plans allowing workers to choose from a variety of pre-tax benefits options, similar to selecting food in a cafeteria.

HMO

Health Maintenance Organization, a type of health insurance plan that requires members to access healthcare services from a specific network of providers.

PBGC

Pension Benefit Guaranty Corporation; a federal corporation created to protect the retirement incomes of workers in private-sector defined benefit pension plans in the United States.