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Discussion

_______ are redeemable at a group of clearly identified merchants that contract specifically with the issuer to accept the payment instrument.

  • A.Closed System Payment Instruments
  • B.Semi-closed System Payment Instruments
  • C.Open System Payment Instruments
  • D.Semi-Open System Payment Instruments

Answer: B

Semi-closed System Payment Instruments are redeemable at a group of clearly identified merchants that contract specifically with the issuer to accept the payment instrument.

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