A smart card is the equivalent of
A)cash.
B)savings bonds.
C)savings deposits.
D)certificates of deposit.

Question

Quizplus · Accepted Answer

A smart card is a plastic card that contains a microprocessor, which can be loaded with money and used to make payments in a similar manner to cash. Therefore, the closest equivalent to a smart card is cash. Smart cards are not savings bonds, savings deposits or certificates of deposit as those are all financial instruments used for saving or investment purposes, whereas smart cards are used primarily for payment transactions.

A Smart Card Is the Equivalent of