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:

Learning Accommodation

The process by which individuals adjust their cognitive strategies or understanding to incorporate new information.

Habituation

A psychological learning process in which there is a decrease in response to a stimulus after being repeatedly exposed to it.

Habituation Response

A decrease in response to a stimulus after repeated exposure, an elementary form of learning or adaptation.

Axoaxonic

Pertains to the type of synaptic connection where an axon terminal of one neuron connects to the axon of another neuron.