Jennifer's Prepaid Card for Transit Fares and Highway Tolls

Jennifer's Prepaid Card

Jennifer purchased a prepaid card for transit fares and highway tolls. What kind of card did she purchase?

It's a stored value card.

This is a type of card that is credited or stored with a certain amount of money for specific purposes. The amount saved in the stored value does not reflect in Jennifer's checking account, so even if by any means she is robbed or misplaces the card, her personal savings will still be intact.

Jennifer purchased a prepaid card for transit fares and highway tolls. What kind of card did she purchase? It's a stored value card.
← The tax implications of operating a sole proprietorship The bright future of intellectual property protection →