PayPal Is an Example of What Type of Payment System

question 6

Multiple Choice

PayPal is an example of what type of payment system?

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

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Definitions:

Undue Influence

A legal concept where an individual is taken advantage of by someone else with a dominant position, thereby being coerced or manipulated into making a legal decision not in their best interest.

Embezzlement

The act of dishonestly withholding assets for the purpose of conversion (theft) of such assets by one or more individuals to whom these assets have been entrusted, typically to be held or used for other purposes.

Assign

The act of transferring rights or responsibilities from one party to another, often seen in contracts, leases, and other legal agreements.

Term Deposit

A financial investment where money is locked away for a fixed period of time, earning interest, and can only be withdrawn after the term ends without penalty.