Question

1. paying your netflix subscription monthly is an example of what kind of transaction?

a. one-time customer-to-vendor
b. recurring customer-to-vendor
c. automatic bank-to-vendor payment
d. none of the above

Explanation:

A monthly Netflix subscription payment is a repeated transfer of funds from a customer to a service provider (vendor) on a regular schedule. Option a is incorrect because it is not a one-time payment. Option c is incorrect because the question does not specify the payment is handled automatically by the bank; it only states the customer pays monthly. Option b accurately describes the recurring customer-to-vendor transaction.

Answer:

b. Recurring Customer-to-vendor