Using your cell phone to purchase a Coke from a vending machine is an example of _____.
A) mobile banking
B) wireless wallet
C) micropayment
D) money transfer

Question

Quizplus · Accepted Answer

This is an example of micropayment, as it is a small monetary transaction conducted digitally. Mobile banking, wireless wallet, and money transfer may involve larger sums of money or different types of financial transactions.

Using Your Cell Phone to Purchase a Coke from a Vending