If You Buy a Hot Dog at a Concession Stand

question 30

Multiple Choice

If you buy a hot dog at a concession stand using your contactless credit card, you are using a ________.

• A) Wireless money transfer
• B) Wireless wallet
• C) Wireless bill payment
• D) Micropayment
• E) Wireless electronic payment system

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Definitions:

Policy Advisers

Experts who offer advice on public or corporate policy to decision-makers.

Microeconomics

The branch of economics that studies the behavior of individuals and small impacting organizations in making decisions on the allocation of limited resources.

Households

An economic unit of one or more persons living together who make joint decisions on consumption and savings.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by the rise in the Gross Domestic Product (GDP).