A Card That Allows an Individual to Transfer Money Between

question 157

Multiple Choice

A card that allows an individual to transfer money between bank accounts is a(n)

• A) smart card.
• B) e-card.
• C) NetCash.
• D) e-cash.
• E) debit card.

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Definitions:

Income Statement Method

An accounting methodology used for calculating income and expenses to determine a company's net profit or loss over a specific period.

Tangible Assets

Assets owned by a business that can be seen and examined.

Intangible Assets

Assets that have value to a business but are not visible.

Long-Term Equity

Investments in stocks or other equity instruments that are intended to be held for a period longer than one year for potential appreciation in value.