Smart Cards Allow Customers To

question 75

Multiple Choice

Smart cards allow customers to:

• A)spend money for various transactions, whereby the transaction value will be directly debited from the customer's account
• B)store and spend money for various transactions using a card that has a chip-storage device
• C)spend money for various transactions without having to pay the balance until a pre-set due date
• D)access their funds overseas

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Definitions:

Prestige Product

High-quality goods that are sold at a high price, often seen as status symbols, and used to convey a sense of exclusivity or luxury.

Hermès

A French luxury goods manufacturer known for its high-quality leather goods, lifestyle accessories, perfumery, and ready-to-wear.

Luxury Goods

High-quality products or services that are perceived as prestigious and are typically sold at a higher price than average goods.

Handbag

A medium to large bag used for carrying personal items, typically by women, and can vary greatly in style, material, and design.