Why Do Retail Stores Have the Option to Accept Cheques

question 116

Multiple Choice

Why do retail stores have the option to accept cheques or NOT, but the acceptance of currency is required?  

• A) because currency is backed by gold 
• B) because cheques are NOT money but currency is 
• C) because currency is legal tender but cheques are NOT 
• D) because currency is a medium of exchange but cheques are NOT

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Definitions:

Hierarchy of Values

A ranked system of personal or societal principles and beliefs determining what is most important to an individual or community.

Preferences Differ

Preferences differ highlights the individual variations in choices, likes, or dislikes among people based on their personal experiences, values, or cultural backgrounds.

Values

Fundamental beliefs or ideals that guide an individual's behavior and decision-making within both personal and professional contexts.

Schwartz's Model

A theoretical model proposing a universal structure of human values, identifying ten broad values that guide behavior across cultures.