Using your cell phone to purchase a Coke from a vending machine is an example of:
A) mobile banking
B) wireless wallet
C) micropayment
D) brokerage service
E) money transfer

Question

Quizplus · Accepted Answer

Using a cell phone to make a small payment (in this case, for a Coke) is an example of a micropayment. This is because the payment is a small amount and made electronically, typically using a mobile device. Mobile banking, wireless wallets, brokerage services, and money transfers are all different types of financial services, but do not specifically apply to this scenario.

Using Your Cell Phone to Purchase a Coke from a Vending