______ Are a Form of E-Cash That Enable You to Store

question 58

Multiple Choice

______ are a form of e-cash that enable you to store a fixed amount of prepaid money and then spend it as necessary.

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

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Definitions:

General Motors

An American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Cooperatives

An organization owned and operated by a group of individuals for their mutual benefit, where members share in the decision-making process and profits.

Limited Liability

A legal principle that limits an investor's loss in a business venture to the amount of capital invested, protecting personal assets from business debts and obligations.

Tax-Exempt Status

A designation that exempts specific entities or income from tax under federal or state laws.