Compared to an Electronic Payments System,a Payments System Based on Checks

question 35

Multiple Choice

Compared to an electronic payments system,a payments system based on checks has the major drawback that

• A)checks are less costly to process.
• B)checks take longer to process,meaning that it may take several days before the depositor can get her cash.
• C)fraud may be more difficult to commit when paper receipts are eliminated.
• D)legal liability is more clearly defined.

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Definitions:

Kind Of Media

Refers to the various forms of communication channels through which news, entertainment, education, data, or promotional messages are disseminated.

Suburban

Pertaining to residential areas that surround cities, typically characterized by lower population density than urban centers and a greater emphasis on single-family homes.

Middle-Class

Refers to the social group between the upper and working classes, often characterized by moderate incomes, education, and job security.

Religious Activities

Practices, rituals, and ceremonies associated with a particular faith or belief system that individuals participate in.