The Use of Checks in Transactions

question 98

Multiple Choice

The use of checks in transactions

• A) entails lower information costs than the use of currency.
• B) entails fewer steps than settling transactions with currency.
• C) avoids the cost of transporting currency back and forth.
• D) entails fewer steps and lower information costs than settling transactions with currency.

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Definitions:

Phobias

Intense, irrational fears of specific objects, activities, or situations that lead to avoidance behavior.

Agoraphobia

An anxiety disorder characterized by an intense fear of being in spaces or situations where escape might be difficult or help might not be available in the event of a panic attack.

Anxiety

A mental health condition characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

Escape

The act of breaking free from confinement or an undesirable situation.