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APRP-EXAM 2025 QUESTIONS AND ANSWERS.
APRP-EXAM 2025 QUESTIONS AND ANSWERS.
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2025/2026 Tests
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2025/2026 Tests
APRP-EXAM 2025 QUESTIONS AND ANSWERS.
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| Uploaded on: | September 9, 2025 |
| Last updated: | September 9, 2025 |
| Number of pages: | 21 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | APRP-EXAM 2025 QUESTIONS AND ANSWERS. |
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Page |1 APRP-EXAM 2025 QUESTIONS AND ANSWERS. 1. Prepaid/Stored Value Card - correct answer - A card-based payment system that assigns a value to the card; some cards can be "reloaded"through various methods and the others are designed to be discarded. 2. Credit card - correct answer - A card indicating the holder has been granted a line of credit to make purchases or withdraw cash up to a prearranged ceiling. 3. Debit card - correct answer - A payment card issued to a person for purchasing goods and services through an electronic transfer of funds from a demand deposit account (DDA) rather than using cash, checks drafts at the point of sale. 4. Credit entry - correct answer - An entry to the record of an account that represents the transfer or placement of funds into the account. 5. Debit entry - correct answer - An entry to the record of an account that represents the transfer or removal of funds from the account.
