Classify QR codes and define terms related to banking and school payment systems.

Here are the solutions to the questions:

Question 2: QR code can be classified into
QR codes are primarily classified into Static QR codes (content is fixed) and Dynamic QR codes (content can be changed after creation).

• The correct option is e) B and c.

Question 3: The bank will grant a specific amount of credit for the customer to be paid after the transaction is called
This describes the function of a credit card, where the bank provides credit that the customer repays later.

• The correct option is B. Credit card – pay after.

Question 4: Hanon school pay system helps to
A school payment system typically aims to empower financial and learning management, ensure secure online transactions, and be adaptable for various school needs.

• The correct option is e) All.

Question 5: _______ is unique code assigned to organizations to differentiate one from the other. It is also used to transfer fun organization & bank
In many payment systems, a Short Code can be assigned to an organization (like a merchant) to uniquely identify it and facilitate fund transfers from customers or between the organization and its bank.

• The correct option is A. Short Code.