One Advantage of Using Checks Over a Debit Card Is

question 67

Multiple Choice

One advantage of using checks over a debit card is:

• A)Checks can be replaced if lost or stolen, a debit card cannot
• B)The bank is responsible if someone steals your checks and uses them; this isn't the case with debit cards
• C)A cancelled paper check is the only generally accepted proof of payment
• D)The person has "float," meaning time between writing the check and depositing funds to cover it

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Definitions:

Arbitration Clause

A contract provision that requires disputes arising out of the contract to be resolved through arbitration rather than through the court system.

Employment Contract

A formal agreement specifying the terms and conditions of the relationship between an employer and an employee.

United Nations Convention

An international treaty formed by member states of the United Nations to address global issues.

Foreign Arbitral Awards

Judgments or decisions made in arbitrations held in a foreign country, which are recognized and can be enforced in other jurisdictions under certain international treaties.