Technically Speaking,a Smart Card Reader Is Actually a Read/write Device

question 60

True/False

Technically speaking,a smart card reader is actually a read/write device.The primary purpose of the smart card reader is to act as a mediator between the card and the host system that stores application data and processes transactions.

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Definitions:

PV of Cash Flows

The present value of expected future cash flows discounted at the relevant rate, reflecting the current worth of those cash flows.

Residual Value

The estimated value that an asset will have at the end of its useful life, after depreciation has been accounted for.

EVA

Economic Value Added, a measure of a company's financial performance based on residual wealth calculated by deducting cost of capital from its operating profit.

Company Tax Rate

The percentage of a corporation's profits that is paid to the government as tax.