Which of the Following Statements Is NOT True About Smart

question 67

Multiple Choice

Which of the following statements is NOT true about smart cards?

• A)There are two types of smart cards.
• B)Contactless smart cards communicate with a reader using Bluetooth technology.
• C)Uses include storing medical records and other health care information.
• D)A smart card can double as an ID card or credit card.

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Definitions:

Debtor's Default

A situation where a debtor fails to meet the legal obligations of a loan, such as not making scheduled payments.

Debtor's Estate

The total assets available to a debtor that can be used to settle debts in bankruptcy or insolvency proceedings.

Trustee

A person who operates a trust for beneficiaries in a business trust. In bankruptcy proceedings, an individual who takes over administration of a debtor’s estate.

Secured Party

An individual or entity that has a legal interest or lien on a debtor's property, secured by a security agreement, ensuring priority payment in case of debtor's default.