6. What is the purpose of a routing number in the banking system?
a) To identify the bank
b) To identify the account number
c) To identify the branch
d) All of the above
7. Which of the following is not a feature of a credit card payment system?
a) Deferred payment
b) Interest charges
c) Revolving credit
d) Direct debit
8. What is the purpose of a magnetic stripe on a payment card?
a) To store account information
b) To provide security
c) To enable contactless payments
d) To track transaction history
9. Which of the following is an example of a mobile payment system?
a) Google Wallet
b) PayPal
c) Venmo
d) All of the above
10. What does the term POS stand for in the context of payment systems?
a) Point of Service
b) Point of Sale
c) Payment Operating System
d) Personal Order Service
