Widespread Use of Deposit Banking and the Use of Cheques

question 28

Multiple Choice

Widespread use of deposit banking and the use of cheques in transactions in Canada

• A) dates back to the 19^th century.
• B) first occurred shortly after World War I.
• C) first occurred in the early 20^th century.
• D) has slowly developed, and the volume of transactions by cheques has surpassed the volume of transactions by cash only since the early 1980s.
• E) first occurred shortly after World War II.

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Definitions:

Management Rights

The rights retained by employers, allowing them to operate and manage their business without interference from the workforce.

Co-ownership

The state or condition where two or more parties hold property jointly, sharing rights and responsibilities.

Instrumentality

A term referring to a means or agency through which a function of another entity is accomplished.

Business Transaction

An interaction between two or more parties that involves the exchange of goods, services, or information for the purpose of conducting business.