One Advantage of Many Mobile Payment Systems Over Traditional Credit

question 93

Multiple Choice

One advantage of many mobile payment systems over traditional credit card systems is the ability to handle ___________________, or transactions involving relatively small sums of money.

• A) Mini-transfers
• B) Micro-credits
• C) Micropayments
• D) Piece meal payments

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Definitions:

Harvest Stage

The phase in a business or product lifecycle where maximum benefits and profits are extracted, often after the growth phase has plateaued.

Risk Averse

Refers to the preference of individuals or organizations to avoid risk, choosing the option with the least uncertainty.

Small Business Person

An individual who owns and operates a business that is typically defined by its small size in terms of revenue and number of employees.

Perseverance

The sustained effort and determination in spite of difficulties, obstacles, or discouragement, essential for achieving long-term goals.