P2P Payment Systems Are a Variation on What Type of Payment

question 11

Multiple Choice

P2P payment systems are a variation on what type of payment system?

• A)stored value payment system
• B)digital checking system
• C)accumulating balance system
• D)digital credit card system

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Definitions:

Common Stock

Stock whose owners have voting rights in the corporation, yet do not receive preferential treatment regarding dividends.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, inventories, and meeting other short-term liabilities.