What Is Electronic Bill Presentation and Payment

question 10

Multiple Choice

What is electronic bill presentation and payment?

• 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:

Demand

The quantity of a good or service that buyers are willing and able to purchase at various prices at a given time.

World Price

The international market price at which goods can be bought or sold, often used in the context of trade policies and competition.

Tariff Revenue

is the income generated by a government from the imposition of tariffs, which are taxes on imported goods.

Tariff

A tax imposed by a government on goods and services imported from other countries to protect domestic industries or to generate revenue.