Which of the Following Is False Regarding Checks

question 40

Multiple Choice

Which of the following is false regarding checks?

• A) Because of electronic fund transfers, checks are of little importance in the U.S. today.
• B) In 2009, Americans wrote billions of checks.
• C) Of all the negotiable instruments regulated by the UCC, checks are the most common type used.
• D) Checks are considered negotiable instruments under Article 3 of the UCC.
• E) Article 4 creates a framework controlling deposit and checking agreements between banks and customers; and when Articles 3 and 4 conflict, Article 4 is to take precedence.

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Definitions:

Cognitive Theories

Psychological approaches that emphasize mental processes such as perception, memory, and problem-solving as key influences on behavior.

Conventional

Adhering to accepted standards and norms of behavior, thought, or technique, often in contrast to unconventional or innovative approaches.

Moral Development

A field of study in psychology that focuses on the evolution of morality—right and wrong, justice, and values—as individuals grow and integrate into society.

Androgens

A group of hormones that play a role in male traits and reproductive activity; includes testosterone.