What Is a Digital Wallet

question 36

Multiple Choice

What is a digital wallet?

• A) An Internet-based company that facilitates payments over the Internet
• B) A mechanism for sending a payment from a checking or savings account
• C) A system that sends bills over the Internet and provides an easy-to-use mechanism to pay the bill
• D) Both software and information-the software provides security for the transaction and the information includes payment and delivery information

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Definitions:

Business Loan

Financing that businesses seek and receive to help with expenses, growth, or other financial needs, typically from a banking institution or lender.

Fixed-rate Loan

A loan where the interest rate remains constant throughout the term of the loan, regardless of market fluctuations.

Variable-rate Loan

A loan where the interest rate can change over time, typically based on prevailing market interest rates or a benchmark index.

Term Insurance Policies

Life insurance policies that provide coverage at a fixed rate of payments for a limited period of time.