📊 GMAT Exam Prep

A startup is considering two payment processing services: 'FastPay' and 'SecureTrans.' FastPay: Lower transaction fees, but slower settlement times (3 business days), and limited international currency support. SecureTrans: Higher transaction fees, but instant settlement, and extensive international currency support. For each objective, choose the service that best meets it.

A Objective 1: Maximize immediate cash flow; Objective 2: Minimize overall transaction costs
B Objective 1: Maximize immediate cash flow; Objective 2: Maximize international market reach
C Objective 1: Minimize overall transaction costs; Objective 2: Maximize international market reach
D Objective 1: Maximize international market reach; Objective 2: Maximize immediate cash flow

✓ Correct Answer: Option C

For 'Minimize overall transaction costs,' FastPay is better. For 'Maximize international market reach,' SecureTrans is better. The task is to pair the correct service for each objective.

💡 Why is C) the correct answer?

The correct answer to the question "A startup is considering two payment processing services: 'FastPay' and 'SecureTrans.' FastPay: Lower transaction fees, but slower settlement times (3 business days), and limited international currency support. SecureTrans: Higher transaction fees, but instant settlement, and extensive international currency support. For each objective, choose the service that best meets it." is Option C: Objective 1: Minimize overall transaction costs; Objective 2: Maximize international market reach.

The other options — A) Objective 1: Maximize immediate cash flow; Objective 2: Minimize overall transaction costs, B) Objective 1: Maximize immediate cash flow; Objective 2: Maximize international market reach, D) Objective 1: Maximize international market reach; Objective 2: Maximize immediate cash flow — are incorrect for this GMAT Exam Prep question. As explained above: For 'Minimize overall transaction costs,' FastPay is better. For 'Maximize international market reach,' SecureTrans is better. The task is to pair the correct service for each objective.

📚 About This GMAT Exam Prep Practice Question

This 3-level GMAT Exam Prep question from the Integrated Reasoning topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free GMAT Exam Prep practice test or use flashcards for spaced repetition review.

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