What Is the Difference Between a Smart Card and a Digital

question 48

Multiple Choice

What is the difference between a smart card and a digital wallet?

• A) A smart card is a physical device; a digital wallet is not
• B) A smart card contains both software and information; a digital wallet contains only information
• C) A smart card is stored on the seller's computer; a digital wallet is stored on the client's computer
• D) A digital wallet contains a smart card; a smart card is part of the digital wallet along with other personal consumer information

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Definitions:

All Equity

A financing structure where a company's capital structure is composed entirely of equity without any debt.

Repurchase Shares

The action taken by a company to buy back its own shares from the marketplace, reducing the amount of outstanding stock.

Borrowing

The act of obtaining funds from another party, often a financial institution, with a promise to repay the principal amount along with interest or other charges over a period.

All Equity

A financial structure where a company is financed entirely through equity without any debt.