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Which of the following is an example for Open System Payment Instruments?

  • A.Visa
  • B.Mastercard
  • C.Rupay
  • D.All of these

Answer: D

Correct answer: All of these

Visa, Mastercard and RuPay are all open system instruments: cards usable at any merchant that accepts the network, and at ATMs for cash withdrawal. Openness here means the instrument is not tied to one merchant or a named group of them.

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