_____ Use Credit Card Numbers, Transmitted Electronically Over the Internet

question 49

Multiple Choice

_____ use credit card numbers, transmitted electronically over the Internet, to pay for goods and services. They are either unencrypted or encrypted, with coded data readable by an intermediary between the buyer's and seller's banks.

• A) Electronic checks
• B) Electronic credit cards
• C) Electronic cash transactions
• D) Electronic wallets
• E) Electronic debit cards

---

Definitions:

Fair Value

The assessed financial value of an asset or liability, reflecting current market prices in an open and competitive environment.

Significant Influence

Significant Influence is the power to participate in the financial and operating policy decisions of an investee, but not control them, typically associated with ownership of 20% to 50% of voting shares.

Database

A structured set of data held in a computer or server, accessible in various ways for efficient retrieval and management.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee, but not control them. This is often evidenced by owning a substantial minority of voting stock.