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In the context of electronic payment systems, what does the term "micropayments" refer to?
  • a)
    Large-denomination payments made online.
  • b)
    Payments that are processed slowly.
  • c)
    Small-denomination payments made in real-time.
  • d)
    Payments made using traditional currencies.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
In the context of electronic payment systems, what does the term "...
Micropayments in electronic payment systems refer to small-denomination payments that need to be processed in real-time, often for very small amounts, such as for snippets of information.
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In the context of electronic payment systems, what does the term "micropayments" refer to?a)Large-denomination payments made online.b)Payments that are processed slowly.c)Small-denomination payments made in real-time.d)Payments made using traditional currencies.Correct answer is option 'C'. Can you explain this answer?
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In the context of electronic payment systems, what does the term "micropayments" refer to?a)Large-denomination payments made online.b)Payments that are processed slowly.c)Small-denomination payments made in real-time.d)Payments made using traditional currencies.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In the context of electronic payment systems, what does the term "micropayments" refer to?a)Large-denomination payments made online.b)Payments that are processed slowly.c)Small-denomination payments made in real-time.d)Payments made using traditional currencies.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the context of electronic payment systems, what does the term "micropayments" refer to?a)Large-denomination payments made online.b)Payments that are processed slowly.c)Small-denomination payments made in real-time.d)Payments made using traditional currencies.Correct answer is option 'C'. Can you explain this answer?.
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