Compared to an Electronic Payments System,a Payments System Based on Checks

question 35

Multiple Choice

Compared to an electronic payments system,a payments system based on checks has the major drawback that

• A)checks are less costly to process.
• B)checks 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:

Factors

Elements or components that contribute to a result or situation, influencing outcomes in various contexts.

Fluid Intelligence

An aptitude for intelligently tackling and finding solutions to issues in new situations, free from the constraints of learned facts.

Adult Years

The period in human life after adolescence, typically marked by full physical development and maturity.

Factors

Elements or conditions that contribute to a particular result or situation, often studied to understand complex processes or outcomes.