Mike Completed a Purchase by Tapping His Card in Order

question 90

Multiple Choice

Mike completed a purchase by tapping his card in order to pay.What type of card is he using?

• A)a magnetic stripe card
• B)a chip and pin card
• C)a contactless card
• D)a debit card

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Definitions:

Bondholder

An investor who owns bonds issued by a corporation or government, entitling them to receive fixed interest payments.

Board Of Directors

A group of individuals elected by shareholders to oversee the management and governance of a corporation.

Convertible Bond

A type of bond issued by corporations that can be converted into a predetermined number of shares of the issuing company's stock at certain times during the bond's life, usually at the discretion of the bondholder.

Interest Payment

The payment made to a lender by a borrower for the privilege of borrowing money, typically part of the return on a loan or bond.