Widespread Use of Deposit Banking and the Use of Cheques

question 23

Multiple Choice

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

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

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Definitions:

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