46. Which of the following is not a type of E-money payment system?
a) Mobile wallet
b) Prepaid card
c) Digital currency
d) Cheque
47. What is the purpose of a CVC (Card Validation Code/Value) in payment card systems?
a) To authenticate the cardholder
b) To authorize the transaction
c) To verify the card’s validity
d) All of the above
48. Which of the following is not a benefit of a central bank digital currency (CBDC)?
a) Enhanced privacy for users
b) Reduction in transaction costs
c) Increased financial inclusion
d) Ability to earn interest on deposits
49. In a decentralized payment system, transactions are processed and verified by ________.
a) Central banks
b) Commercial banks
c) Peer-to-peer network participants
d) Payment processors
50. Which of the following is not a requirement for a successful payment system?
a) Accessibility to a wide range of users
b) Security of transactions and data
c) Flexibility to adapt to changing technologies
d) Absence of government regulations
