Introduction of Checks into the Payments System Reduced the Costs

question 70

Multiple Choice

Introduction of checks into the payments system reduced the costs of exchanging goods and services. Another advantage of checks is that

• A) they provide convenient receipts for purchases.
• B) they can never be stolen.
• C) they are more widely accepted than currency.
• D) the funds from a deposited check are available for use immediately.

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Definitions:

Appropriate Statistic

The correct or suitable statistical measure or test selected based on the data type and analysis goal.

Research Hypothesis

A statement that proposes a relationship between two or more variables, often implying causation or a difference.

Binomial Distribution

A probability distribution that describes the possible number of successful outcomes in a fixed number of trials each with the same probability of success.

Religion

A set of beliefs concerning the cause, nature, and purpose of the universe, especially when considered as the creation of a superhuman agency or agencies, often involving devotional and ritual observances.