O Prepaid O Gift card Laura does not have a bank account and wants a safe option to store her money so she doesn't have to walk around with a lot of cash everywhere. She usually spends money on groceries and other essentials. Which payment type(s) can she use to meet her needs? card P2P Mobile wallet payment app O Prepaid card Christian just received his electricity bill and would like to pay it online for the first time. Which payment 6 type(s) can he use? Gift card O P2P O Mobile wallet payment app O Prepaid card Tim is at the local antique market and finds something he wants to buy for his room. He offers to buy it with a 7 $50 bill but the vendor doesn't have any change. Which payment type(s) can Tim use to pay the vendor? O Gift card O P2P payment Mobile wallet app O Prepaid O Gift card Abby is babysitting some of her neighbor's kids. She doesn't want to accept cash as payment. Which 8 payment type(s) can she use to get paid? card O P2P payment O Mobile wallet app

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Which Payment Type Should They Use

Laura does not have a bank account and wants a
safe option to store her money so she doesn't have to
walk around with a lot of cash everywhere. She usually
spends money on groceries and other essentials.
Which payment type(s) can she use to meet her
needs?
O Prepaid
card
O Gift
card
O P2P
payment
Mobile
wallet
app
Christian just received his electricity bill and would like
to pay it online for the first time. Which payment
6 type(s) can he use?
Prepaid
card
Gift
card
O P2P
payment
O Mobile
wallet
app
Tim is at the local antique market and finds something
he wants to buy for his room. He offers to buy it with a
7 $50 bill but the vendor doesn't have any change.
Which payment type(s) can Tim use to pay the
vendor?
O Prepaid
card
Gift
card
O P2P
payment
O Mobile
wallet
app
Abby is babysitting some of her neighbor's kids. She
doesn't want to accept cash as payment. Which
8 payment type(s) can she use to get paid?
O Prepaid
card
Gift
card
O P2P
payment
O Mobile
wallet
app
Transcribed Image Text:Laura does not have a bank account and wants a safe option to store her money so she doesn't have to walk around with a lot of cash everywhere. She usually spends money on groceries and other essentials. Which payment type(s) can she use to meet her needs? O Prepaid card O Gift card O P2P payment Mobile wallet app Christian just received his electricity bill and would like to pay it online for the first time. Which payment 6 type(s) can he use? Prepaid card Gift card O P2P payment O Mobile wallet app Tim is at the local antique market and finds something he wants to buy for his room. He offers to buy it with a 7 $50 bill but the vendor doesn't have any change. Which payment type(s) can Tim use to pay the vendor? O Prepaid card Gift card O P2P payment O Mobile wallet app Abby is babysitting some of her neighbor's kids. She doesn't want to accept cash as payment. Which 8 payment type(s) can she use to get paid? O Prepaid card Gift card O P2P payment O Mobile wallet app
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