Which of the Following Allows a Consumer to Directly Transfer

question 30

Multiple Choice

Which of the following allows a consumer to directly transfer funds from a banking account to a merchant?

• A) An electronic authorized system.
• B) A direct pay system.
• C) An authorized direct pay system.
• D) A point-of-sale system.
• E) A pay-by-electronics system.

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Definitions:

Recession

An economic downturn marked by a significant decline in activity across the economy, lasting more than a few months.

Demand Decline

A situation where the desire or willingness of consumers to purchase a particular good or service decreases over time.

Elastic Demand

A situation where the quantity demanded of a product changes significantly when its price changes.

Inelastic Demand

A situation where the demand for a product does not change significantly in response to a change in its price.