A System Which Allows a Consumer to Transfer Funds from a Bank

question 9

Multiple Choice

A system which allows a consumer to transfer funds from a bank account to the merchant's bank account to pay for merchandise purchased is known as a:

• A) buying facilitation system.
• B) pay-by-phone system.
• C) point-of-credit system.
• D) point-of-sale system.

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Definitions:

Uncertainty Avoidance

A cultural dimension that describes the degree to which people in a society are uncomfortable with ambiguity and uncertainty.

Security

Measures or protocols taken to protect a person, group, or entity against threats or harmful activities.

Stability

The state of being steady, consistent, and free from significant change or fluctuation.

Low Uncertainty Avoidance

A cultural perspective that tolerates ambiguity and uncertainty, and is more accepting of unstructured situations.