What Device Is Used to Scan the Chip Embedded in Devices

question 35

Multiple Choice

What device is used to scan the chip embedded in devices such as ID badges?

• A)Smart card reader
• B)FireWire controller
• C)USB bridge
• D)USB reader

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Definitions:

Collateral

Collateral refers to assets that a borrower offers to a lender to secure a loan. If the borrower defaults, the lender can seize the collateral to recover the loaned amount.

Fixed-Rate Mortgage

A mortgage with an interest rate that remains constant throughout the life of the loan.

Acceleration Clause

A contract provision that allows a lender to require a borrower to repay all of an outstanding loan if certain agreed upon conditions are not met.

Market Value

The price at which an asset would trade in a competitive auction setting, reflecting what a willing buyer would pay a willing seller.