The Cheque-Clearing System Is

question 7

Multiple Choice

The cheque-clearing system is

• A)includes debit card transactions.
• B)only found in the United States.
• C)one mechanism by which banks carry out exchanges with each other.
• D)slowly being replaced by credit cards.
• E)one mechanism by which consumers carry out exchanges.

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Definitions:

Acuity

Refers to the sharpness or clearness of vision or hearing.

Fecal

Pertaining to feces.

Heartburn

A burning sensation beneath the breastbone, usually associated with indigestion.

Laxative

A substance used to stimulate bowel movements, often used to treat constipation.