_____ Contain a Chip That Can Store Information and Be

question 62

Multiple Choice

_____ contain a chip that can store information and be used for several purposes.

• A) Electronic checks
• B) Stored-value money cards
• C) Purchasing cards
• D) Smart cards
• E) Person-to-person payments

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Definitions:

Output

The cumulative production of goods and services by an economy over a given time frame.

External Cost

Costs of a transaction or activity that affect people other than those directly involved in the transaction, often not reflected in the market prices.

Social Cost

The total cost to society of an action, including both private costs borne by individuals and external costs absorbed by others.

Gallon

A unit of volume for liquid measure equal to four quarts, used in the United States and the United Kingdom.