______ Are a Form of E-Cash That Enable You to Store

question 22

Multiple Choice

______ are a form of e-cash that enable you to store a fixed amount of prepaid money and then spend it as necessary.

• A)Electronic cheques
• B)Stored-value money cards
• C)Purchasing cards
• D)Smart cards
• E)Person-to-person payments

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can purchase at given prices and within a fixed budget.

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, and other forms of income.

Alternative Combinations

Alternative combinations refer to different ways that resources can be allocated to produce varying outputs of goods and services in an economy.

Indifference Curve

A graphical representation showing combinations of two goods between which a consumer is indifferent, reflecting equal levels of utility.