The Efficiency of the Payments' Mechanism Affects

question 111

Multiple Choice

The efficiency of the payments' mechanism affects

• A)the speed with which money can be exchanged for other assets.
• B)how quickly individual loan applications will be approved.
• C)how slowly individuals deplete their cash balances.
• D)the speed with which financial institutions can process checks and other funds.

---

Definitions:

Strip Mall

A retail shopping area, typically with parking in front, that is composed of a row of connected stores and services in a long and narrow layout.

Neighborhood Stores

Retail outlets located within residential areas that cater to the everyday needs of the local community.

Power Center

A large outdoor shopping mall typically composed of a small number of big box retailers and various smaller retailers, combining convenience with a wide range of options.

Anchor Stores

Major retail outlets, usually department stores, that drive foot traffic to smaller retailers within a shopping mall or district.