Compared to an Electronic Payments System, a Payments System Based

question 102

Multiple Choice

Compared to an electronic payments system, a payments system based on cheques has the major drawback that ________.

• A) cheques are less costly to process
• B) cheques 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:

Amu

Atomic Mass Unit, a standard unit of mass that quantifies mass on an atomic or molecular scale.

Valence Electrons

Electrons in the outermost shell of an atom that are available for bonding with other atoms.

Atomic Number

The number of protons in the atomic nucleus of an atom, which uniquely identifies the element to which the atom corresponds.

Chemical Behavior

Describes the reactions and interactions of substances based on their chemical properties and the conditions under which they occur.