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Discussion

________ can be used for purchase of goods and services and also permit cash withdrawal at ATMs, Merchant Local Locations, and automated business correspondents.

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

Answer: C

Open System Payment Instruments can be used for purchase of goods and services and also permit cash withdrawal at ATMs, Merchant Local Locations, and automated business correspondents.

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